The end of ZIRP/NIRP era

  1. Liz Ann Sonders‏Verified account@LizAnnSonders 7h7 hours ago



    The end of the ZIRP/NIRP era @MoodysInvSvc @SoberLook

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People using crystal balls often get glass in their hands...ain't nothing certain, and I wouldn't call 3% rates at the Fed a huge tightening. Raise em 3% overnight and shock the system, might just be a healthy reality check after the painful hangover.
 
Try to remember what it all felt like in February 2016.

In hindsight, Feb 2016 was Oct 1998.
I remember the crash of '87...I was an intern at a financial planning firm...my boss was throwing things at the wall and in tears...she was a mess. I called my broker (another firm) to sell half my mutual fund shares that day...it took a long time to actually talk to someone. I was called the following day and told my order never went through the day of the crash, but did execute a day late...at a better price though...crazy times!:wtf:
 
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