Dwight,
Thanks for your thoughts. I really hope and want these rate increases to happen, will it hurt the economy...NO. This is the best medicine an overheated market needs - why? Price stability. If the Fed shows backbone, this Bull Trend will continue.
We must have price stability for investment, otherwise, the real economy, and of course, the MONEY economy of Wall Street will suffer dearly. Where do you think good earnings come from????
Sorry I can explain now, but I pray for a quarter percent rate increase after OMC meeting.......this is a must (at this stage in our current cycle) to ensure price stability, stable M1 and M2 rate of growth, and ultimately, increased earnings, and finally, higher share values....I hear you, but there is a big picture.
All the best,
Fundace |
