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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (940020)	6/14/2016 1:26:23 PM
From: PKRBKR	Read Replies (1) \| Respond to of 1574579

Let me ask you a simple question: what works better in the long run, for 13 bankers at the Fed to decide what rates should be, or millions of buyers and sellers setting rates in the open markets based on supply, demand, risk, and reward? A few years back I would have said the Fed as I thought it had done an OK job of straddling the line. Since we now have low rates, low inflation and a relatively strong dollar with little or no Fed influence I'm leaning towards the market. There is nothing wrong with low interest rates. The bursted bubble had nothing to do with low rates and everything to do with bad loans and banking antics. The market is now adjusting to the lower rate scenario and yes assets are appreciating. They'll settle out at whatever the market will bear given the lower rate scenario. As for the wage growth versus productivity I don't buy the floating dollar excuse. I'm sure Rat could make a perfect correlation of it to atmospheric CO2 as well. That was the time where global competition really started to kick in as well as the US economy teetering towards a more service based economy.