Saturday, August 08, 2015

Federal Reserve

When a doctor says the Fed will raise rates, believe. Or not.
"Interest rates on money the Federal Reserve central bank issues to lender banks is going to gradually rise from 0.0-0.2% to ~3.5%.  The Congressional Budget Office says this is going to happen in the second-half of 2015.  That is the feared moment when the financial industry has to suddenly be weaned off of free money.  [Congressional Budget Office]"
If it was that easy, everybody would buy it. I'm skeptical.

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