@ScottAdamsSays Re: Your comments that the Fed is increasing interest rates because the economy is so strong. Wrong. Consumers, businesses & gov’ts are so fragile & deep in debt, even small rate increases hurt them & the markets. Interest rates are still historically very low.
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The Fed increased rates from 1.5% a year ago to 2.25% now. That increase is tanking the markets because the US economy is so weak & debt laden, it can't tolerate a tiny rate increase, even at historically low rates. And the workforce participation rate is still at 1970's levels
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Of course it can tolerate a small increase. Inflation is a thin line. The markets aren’t really used to the normal economic forces. But what do I know...
End of conversation
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