Posted on 02/06/2018 1:33:07 PM PST by posterchild
What’s that thing they say in New York?
Oh, yeah...”Yaddayaddayadda.”
Easy money will be back when the economy hits the skids.
In fact, it will get so easy, interest rates will forced negative.
then it will be really easy for Wall Street and the Government to steal your money.
And as was posted many times here on FR, many knew and understood that the Feds were keeping the rates artificially low long, long past the any credible need. The rates were kept artificially low simply to keep Obama out of the financial woods. As has been posted, many predicted that the next president, likely a Republican, would get shafted with the fallout of rising interest rates and the likely correction.
There was simply no empirical reason to maintain artificially low rates for the entire 8 years of Obama’s reign — none.
Lo and behold on her way out the door we learn that Yellen and the feds have plans to raise rates (not a bad thing) and Yellen talks the market down as she walks out the door.
A conspiracy? No, just obvious politics. However, I predict this will all turn out good despite the Democrat’s best effort to destroy.
Yes, it may take a few weeks, but I think we’re going to see new records in the not too distant future.
Yes. And now Janet Yellen's politicized Fed plans to raise interest rates enough to smother the Trump Bump. The Fed covered Obama's butt for 8 years and did the country no favors.
That was my take too. They thought today was going to be a bloodbath that they could blame on Trump. It was just time for a little profit taking.
Hmmm... so are they admitting that Obama-Yellen policy of following the disasteous example of the bank of Japan with QEs did not work?
Funny they do not insert Obama and all that keynesian “we are socialists now” bull sht.
“” decade-long era of easy access to money engineered by central banks in Asia, Europe and the United States was ending, opening a new chapter in whi “”
That and the Feds back then were buying through Goldman Sacks indirectly stocks. The markets had zero volatility as a result. Now they remove themselves and voilà. Volatility is actually back to normal now. Also new regs forcing deleveraging are going to force sells.
Stupid NY Times @sses never paid 17% mortgage interest for their first house.
“the Feds were keeping the rates artificially low long, long past the any credible need”
And did you notice that rates were raised right after Trump is in office - and what happens? The market shrugged it off and kept going up.
Had they raised the rate while BO was still in, the markets would have tanked - bigly. No doubt in my mind.
It certainly did and it lasted well beyond its usefulness.
Sadly, most people won't make the connection to the obvious propaganda that it is.
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