Nixon wrote:4ktvs wrote:So it's starting to look like the fed might chicken out on the rate hike. But I hope they don't and I would like to see the rate go over %1 by the end of the year. It has been long overdue as right now we are at the floor and have no where to go if the system goes largely into default again.
I hope they don't.
Negative interest next crash!
Bank pays YOU to borrow!
One thing I can be sure of, MF will blow up about the ton of AA that will happen upon the next crash. There always is a crash, it's part of the natural cycle due to greed that binds those who think it's a one way street. When in fact the market is a two way street and will always find a way to balance the flow. The harder people push it up, the harder the push back will be from the natural market forces.
The fed should for once do what is right for the long term and force the interest rates higher in spite of what is good for the stock market today.