I think what will happen now is this quarter of one percent will not last for very long. They had told the market this, and they didn’t dare to do anything else. There is nothing that justifies a rate increase, at this point, except the face saving measure taken by the Fed. That would not have happened if they would not have kept interest rates at 0% for 7 years. the most volatile asset bubble ever in history. By not letting market forces take their due course, we now see in the U.S. They should have increased rates a long time ago. The sad thing is the Fed has created a massive bubble. USA Watchdog’s Greg Hunter interviews Egon von Greyerz on latest macro-economic developmentsĮgon von Greyerz: “World trade is coming down dramatically.The Fed is totally out of sync with reality.
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