Posted on 11/17/2016 11:56:49 AM PST by Sam Gamgee
In the fwiw dept, the Market has built in 25 basis points.
Anymore than that, will spook everyone.
And Yellen says she’s not political.
5.56mm
Sam, I think you meant to say you wholeheartedly disagree.
Not trying to put words into your mouth, but that is what makes sense with what follows.
I would say that if competition can’t get us more than a fraction of 1% interest on passbook savings per year, then that model is broken.
If 20 and 30% are examples of what competition bring us, that model is broken also.
Give me 5% a year to use my money. Charge me 15% when I use yours.
Tell you what, I’d take a 10% interest spread any day of the week.
Maybe. I believe in the markets freely valuing the price of money. Not the Fed or any central bank.
This is a “GET TRUMP” move.
Sam, you’re argument rises and falls on the merits of what has taken place.
In a free market I get no interest on my savings and pay banks 20 to 30% interest on theirs.
F A I L !
There wants to data for the December 2015 hike. There isn’t the data to support is one. But just as in December 15, this one is to show that the Fed will raise rates when necessary. Just as in Dec 15 this one will have zero impact and is already baked into the cake.
We never learn our lesson.
It wasn’t pretty the last time they did this.
Last December? Almost no imaoct. In fact rats fell across the board after the Fed hiked in December. 10YUST hit a 4 year low ver the summer. It won’t have an impact now. It’s already priced in.
Some one who understands the interplay between the bond market and government finances may need to chime in here.
I have some understanding that the government might have some control over bond yields in their purchase and selling of US Treasuries.
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