If there was any confusion why the Fed intends to keep hiking rates, even in the face of negative economic data and disappearing inflation, it was put to rest over the past 2 days when not one, not two , not three, but four Fed speakers, including the three most important ones, made it clear that the Fed's only intention at this point is to burst the asset bubble.
First there was SF Fed president John Williams who said that "there seems to be a priced-to-perfection attitude out there” and that the stock market rally "still seems to be running very much on fumes." Speaking to Australian TV, Williams added that "we are seeing some reach for yield, and some, maybe, excess risk-taking in the financial system with very low rates. As we move interest rates back to more-normal, I think that that will, people will pull back on that,
Full Read Here http://www.zerohedge.com/news/2017-06-27/yellen-i-dont-believe-we-will-see-another-crisis-our-lifetime
we won't see another crisis? yeah, right! the Fed hikes rates when they themselves see a bubble is forming. This is the same exact thing that happened during 2006-2007 right before the crash of 2008
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Yes I totally agree. She should have a needle in her hand in that pic
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She only witnessed a crisis, we lived a crisis! That's the real truth. I think that she still could eat everyday in a restaurant and go the the movies or theater afterwards. But that's just what I think.
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