James Galbraith, University of Texas professor and economist aka Boss of all Bosses, takes the Fed to task for the inane strategy that is currently ravaging world markets, which is “hike now, in order to cut later.”
Really, Janet “fucking” Yellen? The assumption that rates needs to go higher now, so that you’ll have some “ammo” later, makes no sense at all and is causing the very issues that you’re trying to avert.
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Wait? You mean the economy isn’t strong enough to handle a minuscule 25 BP rate hike? I thought everything was going great?
That is…correct.
It’s more about global pressures than our own.
maybe she should go to nirp so stocks can go up some moar.
This country is ran by bananas.
Makes sense if your time frame is longer than six months …. if which many money managers is not.
Note: I do not believe the “Fisch” when he predicts 4 hikes. Expecting one more this year.
Fed doesn’t want hot dollars at 0% flooding the US this year.
Yellen FED now just a weapon in fight to finish between US vs Russia/China. US is determined to destroy both, while Russia/China determined to destroy $US as global reserve currency/hegemony…In the calculus of US neo cons who came up with this idiocy all global market/investors are nothing but cannon fodder…enjoy! ..