I have been talking about how irrational these markets have been for years, finally good to know that finally others are realizing how irrational this market really is. He says don't expect a rate hike until March 2016, which is absolutely right, however I doubt it even comes in March of 2016, if global markets slow and unemployment picks up you won't see a rate hike until 2020, they can't raise rates and anytime they even begin to talk about it I just have to sit back and laugh, they are bluffing, no rate hikes is what they really mean going forward, they have to keep this bubble inflated some way or another, and by keeping rates at 0% its the only thing they have going for them right now, once the bubble starts to deflate its going to be one hell of ride down, don't be surprised by a 50% collapse in equities, by then the federal reserve will have nothing left to fix the crisis and that saying "don't fight the fed", well that little catch phrase will long be forgotten....
The Federal Reserve is putting a wrench in how financial markets should be working by continuing to keep interest rates so low, David Darst, senior advisor at Morgan Stanley Wealth Management, said Monday.
"We're in very irrational times," he told CNBC's "
Squawk Box" in an interview. "Things don't work the way they should."
Darst said forget the debate over whether the
Fed will hike rates in June or September of this year. Morgan Stanley's chief U.S. economist, Ellen Zentner, sees the central bank waiting until March of 2016.
The Fed will then be behind the curve, Darst said, with policymakers possibly raising rates eight times next year. "And that could upset the market."
http://www.cnbc.com/id/102562484