Running_Man
Thinks s/he gets paid by the post
- Joined
- Sep 25, 2006
- Messages
- 2,844
The Federal Reserve is trying to attempt something that has never been successfully implementing - to get off zero interest rates. So the likelihood of this working is also not too probable. The very business that is created as a result of super low interest rates become imperiled with the rise in rates causing contraction and leading to need for more stimulus. We shall see but it seems to me the economy worldwide is much weaker than it was a year ago and this is not going to help improve economics, only banks that might have upcoming stress.