True, it's not HIS or HER money, but it's still money nevertheless, that he and she can use and spend to support and nourish the Train Wreck.
Choooo Choooo
Now, why can't this just hit "the brick wall" on its own accord?
If the jobs report on friday in the face of this "chugging along singing a happy song" mentality sucks, are't we in trouble in 3 months or so regardless of whether or not rates are hiked?
In fact, at this point, wouldn't a rate hike cause that wreck to occur sooner? At any rate, this train is totally DOOMED at this point as I said earlier. I believe they HOPE to keep it on track until the election. I do not know if they can, I think they will try. and...... I think that is more loosey goosey money in the meantime. Nothing can be salvaged from this wreck at this point IMO, it is just too late. Finally, as STUPID as this will sound, I firmly believe the attempted "trainwreck cure" will be looser not tighter money. If there are no jobs, no one that can afford to borrow will want money, and everyone that can not not afford to borrow more will be "shut off". I see a liquidity trap as the end game, but you see rising rates as the end game and that makes all the difference for SOME investment ideas (although some are the same).
Mish |
