The Fed aren’t going to hike rates in any meaningful sense, though they may opt for a notional 25 basis point hike as a one-time thing.
Instead there will be another QE.
To paraphrase Peter Schiff: we are going to have as many QEs as Rocky movies, and (just like the Rocky movies) each one will be worse than the last.
Excellent quote
That kind of hike would be "meaningful" enough to the business community that by the time it got "meaningful" for y'all another hike wouldn't matter. Meanwhile that goofy Sept. hike would be leaving the survivors asking why?!
there will be another QE
Of course there will be --er, QE headlines that is. No matter what, our fruitloops press will continue its nonsense about bailout/QE and how it's been the cause of all of our 'run-away-inflation' we've been having and then our FR colleagues will just lap it up like kittens.
That kind of hike would be "meaningful" enough to the business community that by the time we got around to one "meaningful" for y'all any other hikes wouldn't matter. Meanwhile a goofy Sept. hike would be leaving the survivors asking why?!
there will be another QE
Of course there will be --er, QE headlines that is. No matter what, our fruitloops press will continue its nonsense about all the bailout/QE that's been the cause of all of our 'run-away-inflation' we've been having and our FR colleagues will just lap it up like kittens.