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Politics : Formerly About Advanced Micro Devices

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From: Jamie1536/7/2019 8:02:17 AM
   of 1576892
 
Here's why Fed interest rates are more important than any chart you'll ever see.

"Druckenmiller believes the Fed should have raised rates more in 2016 when it had the chance. By not raising borrowing costs, it caused corporate debt to balloon to $10 trillion and left the Fed will less firepower to fight an economic contraction."

Basically he wanted to the Fed to raise rates and stop dumb CEOs from borrowing money, going deeper into debt to buy back stock etc. But, again, is that the real purpose of the Fed - protecting us from dumb people? Let them fail. Dumb needs to fail to see it's dumb.
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