In this twisted and upside-down world trump may be correct, that team USA ought to compete w/ team EU in tee-ing up ZIRP / NIRP should team USA wish to live on residual legacy goodies, else offer slightly PIRP to attract yield-seeking capital. Either case, rate policy is an issue.
However, I believe, call me conservative, that unless global indicative yields ramps to 5+% we are all in for bad stuffing
Gold should be a consolation prize, on faith, because logically, given that gold is useless, makes no sense.
Folks who can get negative funding cost to buy dividend-yielding equity should do well. Stocks, per Armstrong, should rise.
I feel bad for people waiting for rate rise, in that they shall be harvested, milked, sheared, culled, and ... to graphic to mention in cafe |
