You don't say:
While money market traders are betting that the Federal Reserve will increase interest rates next summer or later, Romain Hatchuel, managing partner of money management firm Square Advisors, doesn't see the Fed acting in 2015.
"There is every reason to believe that this month's highly anticipated end to so-called quantitative easing will be nothing more than a tactical retreat by the U.S. central bank, and that next year's rate increase won't materialize," he writes in The Wall Street Journal.
The Fed has kept its federal funds rate target at a record low of zero to 0.25 percent for six years. So why would the Fed refrain from a rate hike next year?
Besides the Obama Regime wanting to wait to trigger the Final Collapse until 2016, probably as close to the election as possible? I couldn't begin to imagine.
"First, the U.S. economy remains stubbornly weak," Hatchuel says.
After six years of subterranean interest rates. There are some dots to be connected here somewhere.
"Another reason to doubt the Fed's return-to-normalcy pledge is the recent appreciation of the U.S. dollar," Hatchuel writes. A strong dollar dampens inflation.
I.e. hyperinflation can wait for 2016 when it will be most useful to The One as well.
"'Don't fight the Fed' has become a sacred market mantra, and ignoring it has been a costly exercise for some," Hatchuel says. "Trusting the Fed, as it vows to end monetary easing and raise interest rates, could prove an equally harmful strategy."
Don't trust the Fed? My goodness, are we all Paulnuts now?
"People are losing sight of the fact that the Fed hasn't raised rates since June 2006. I don't see them raising rates for two or three more years. That will be another surprise for the markets."
This confirms what I've always believed: Optimism is the road to Kool Aid-drinking insanity. Pessimism isn't just wise and prudent; it may be the only thing that keeps you in your right mind.
That and burying your money in a mattress in your backyard.
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