Beasty
Well-Known Member
For the most part I agree with your comments, I would disagree about rates being predictable, many a high paid financial talking head have been flat out wrong in their predictions when the fed will raise rates. Our central banking rate has been at the historic low of >.25% for going on 9 YEARS now as part of quantitative easing. There is a real chance of the fed really raising rates come december, if inflation and wage growth can show some improvement in this last quarter of the year. If they do that, be ready for a VERY strong US dollar and rising costs of goods and services.
Almost sounds like you are making a prediction right there. lol
You want to assign a probability to that statement?
I see where you are coming from, but there is a reason those rates were able to be low for such a long time. The talking heads are not going to keep saying that they expect no changes because at some point his listeners/clients are going to say "What are we paying you for??" :smt003
Rather than provide lip service a good analyst will focus his attention where he can find value and for the most part only use his knowledge of the federal reserve as an ingredient to his overall predictions.