Fed's Hoenig calls for higher fed funds rate
- Thread starter ASusilovic
- Start date
He is talking about bringing rates back to the 3.5-4.5% range, RIGHTTTT like that's going to happen anytime soon, bubble ben bernanke is going to wait as long as he can to keep rates low as possible, those 3.5% rates wont be seen for years. I have heard some estimates on raising rates going as far as the end of 2011. The banks are having too much fun now, why spoil it so soon, 0% rates are the best thing a bank could get, I mean they are posting profits in the billions while the economy still lags behind. No need to take away all this excitement, let it run its course and let these low interest rates create the next asset bubble because that's the only thing they know how to do.
Quote from nazzdack:
Irish coffee? Maybe he was watching the "red, green and blue" eurodollar futures last week.
No, you should buy your coffee here :
www.diedrichcoffee.com
http://finance.yahoo.com/echarts?s=...=on;ohlcvalues=1;logscale=on;source=undefined
Stock went up over a lousy 1000 % last 52 weeks...
I recall better days when the very mentionnig of a rate hike would have meant a sharp sell off in stock markets. But nowadays imbecile morons are sitting in front of their Wall Street screens with IQ's not higher than a chimpanzee !
Two of the world's largest central banks are calling for higher rates and not one single reaction either on the currency, Bond or stock market side!
The day all these morons are running to the exits will be my FUN DAY !
Two of the world's largest central banks are calling for higher rates and not one single reaction either on the currency, Bond or stock market side!
The day all these morons are running to the exits will be my FUN DAY !