Low interest rates cause banks in order to survive to do layoffs; thus wage gains/wage growth stagnate in a vicious cycle in jobs rpt.
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If the Fed wants to proceed cautiously, then raise interest rate by 8 ½ bp's in July, 8 ½ bp's in Sept, and 8 bp's after.
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GOOD. YOU MADE ENOUGH RIPPING OFF THE AMERICAN PPL WITH THE HOUSING BUST
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that's the downside to low interest rates but they also have a huge upside
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