Doc1
Gold Member
- Jan 10, 2017
- 12,779
- 1,440
I wouldn't be tootin this horn just yet. This Weds two things happen, The Fed meets and odds are she'll/they'll raise the rates and Congress has to take up the Debt Ceiling again. Yellin is a part of the Power Structure, she will raise those rates and it will hurth the economy.
After the Obama Fed held interest rates artificial low and printed money hand over fist to "stimulate the economy". That money now needs to be pulled from the economy to raise the value of the dollar back up.
Anybody with a touch of sense and a tad of economic intellegence understood that the raising of interest rates was inevitable. Only through job creation to increase the tax base, and business growth for added employment and creation of goods, will the scales balance out.
I hate to be the one to break this to you, the Fed doesn't answer to any American Prez, raising those rates will castrate any growth you might have hoped for. You aren't going to like what's coming.
p.s. Need I remind you that this will happen at the same time that Russia, China, and Iran will decouple oil from the dollar.
Goood times.