"Approaching lift-off in interest rates" [ZH Sept. 12, 2014]
"A clusterfuck of FOMC participants views rates rising by mid-2015, sooner than expected".
The party is over and it's that time again, when the Fed has to decide at what point it will decimate everyone who took advantage of low interest rates to borrow themselves into fucking oblivion.
Monetary Policy: A Game of Dunces
The role of Monetary policy is to inflate risk assets for millionaires and billionaires, incentivize debt accumulation by the middle class, and subsidize deficits for bankrupt governments. All of which provides cover for the real economy being shipped to the Third World. At this point in the "recovery" all of those goals have been broadly achieved. Now all we need is an economy.
"A clusterfuck of FOMC participants views rates rising by mid-2015, sooner than expected".
Now all we need is an economy...
The party is over and it's that time again, when the Fed has to decide at what point it will decimate everyone who took advantage of low interest rates to borrow themselves into fucking oblivion.
A brief history of interest rate obliteration:
Monetary Policy: A Game of Dunces
For 90% of Americans, there has been no recovery
"Change Nothing"
"Interestingly, the ONLY age-group where incomes have improved is for those between the ages of 65-74."
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