Everyone is so focused on looking at the Fed and whether or not it
decides to raise rates by a puny 0.25%, that they are completely
overlooking the fact that it is the market’s role to set interest rates,
and if the Fed is not up to the job, then the markets will eventually
take over and do it in a manner that is likely to involve rises vastly
greater than a mere 0.25%, which given the current fragile and extremely
unstable debt structure, can be expected to have catastrophic
consequences.
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