How can 1/3 of the pollsters be voting for Fed Funds to be greater than 1%? Are you god damned psychopaths? Do you never want to retire? Have you not witnessed the absolute carnage that hath engulfed our markets since the initial Fed hike back in December? At least half of you got it right by voting for negative interest rates which would force people into riskier investments (stocks) and we would hit new highs every day until retirement.
The system is flawed. We have a group of 12 “economists” who get to say when we should bail someone out and when we should change interest rates. I vote for power to the people. Let the people decide on interest rates. God knows everyone on Finance Twitter is already an economist anyways.
Markets are down 2% this morning.
$CHK is going bankrupt.
The world is ending.
Have a nice day.
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