The Federal Reserve can never raise interest rates again. I simply can not see how they can do it, without bankrupting the US Government, or most of Europe and Japan.
To those of you who say the Federal Reserve or other central banks don’t control long-term rates - my answer is “nonsense.” QE, Operation Twist, buying GSE debt, Helicoptor Money - all have been, or can be used, to drive rates all along the yield curve. The Fed is an (unconstitutional) soviet style economic planning bureau that will basically destroy our economy, just as the soviets destroyed theirs.
The Federal Reserve can never raise interest rates again. I simply can not see how they can do it, without bankrupting the US Government, or most of Europe and Japan.
“The Federal Reserve can never raise interest rates again.”
Don’t think folks realize that fact....ORFs are doomed to find some place else for their savings..and that means ‘rolling the dice !’