Another day and another worthless CNBC article posted saying how crazy the fed would be to raise rates, so let's keep them at historical lows forever because it seems 99.7% of the people think there is never a good time to raise rates....that's how pathetic this INTEREST rate hike talk has become over the last decade....I mean come on already...we all know the fed is too weak to raise rates....they have been lying the entire time about raising rates...they just keep bowing to wallstreet and the big banks...they keep talking about this 2% target inflation number that has to be there in order to raise, I wonder where they get their inflation numbers from because all you need to do is go to your grocery store, look at your last cable bill and just go out for a bite to eat and see that prices have skyrocketed... But what do I know...I'm just a consumer... http://www.cnbc.com/2016/04/26/the-...aise-interest-rates-right-now-commentary.html
Exactly, so quit watching CNBC or Cable TV, Quit reading Zero Hedge and trade what is instead of what you think is...Make Money and be free of all this nonsense.
The problem is that since 2008, CB's now have to consider what other CB's are doing...BOJ and ECB going pedal to the metal with monetary easing leaves the Fed in a predicament...Raising rates = too much dollar strength = too much pressure on EM economies = plummeting oil prices = defaults on energy company debt, etc, etc...
So there going tomraise rates then, hmmmm made good money reversing what cnbc used to say 8 months back, mate reckoned ( insider info bank sector ) they'd raise rates in the uk, interestingly something changed, Greece related I think.