So what changed?
“SO WHAT CHANGED”
By Gary Kaltbaum
December 3, 2015
garyk.com
@GaryKaltbaum
Fox News Business Contributor
So let’s presume Janet Yellen makes the gargantuan move of taking the fed funds rates from 0-1/4% to 1/4%.
When we wake up the next day:
We will still be at 1/4% fed funds. We will still have printed over $4 trillion. We will still be at the easiest monetary policy in our history with Yellen saying we will stay that way for a long time.
Europe will still be printing and easing.
The UK will still be printing.
China will still be printing, easing and faking their economic numbers.
Japan will still be printing for the ——- year . You fill in the blank!
Sweden…yes Sweden, will still be printing.
0% interest rates will still pervade the globe.
Negative interest rates will still pervade the globe.
Savers will still be screwed.
Markets will still be distorted.
Markets will continue to be GRMs. (government run markets)
0% rates will continue to enable companies to borrow a crapload to buy back stock.
0% rates will continue to hold up asset prices…until markets decide otherwise. (We used to say goose asset prices but right now, they seem to be just holding up)
So what changed?
Thank you for a very clear mental refresh.
A moderate Democrat would lower tax rates somewhere,
about now, with an election year coming.
Blockhead won’t.