Let the market decide!
When's the last time you heard that in MSM. That's become as politically incorrect today as spanking your kid.
In a recent CNBC interview real estate billionaire Sam Zell, who's been in his selling mode for a while now, said:
“You know what the problem is? The problem is I think the Fed should have raised interest rates two years ago, and therefore today would be able to make a much more rational decision as to what to do. The problem is that they’ve so deferred reality for so long that I think they have a serious credibility problem if they don’t raise rates.”
Then he added another twist to this conundrum: “So now we’re talking about raising interest rates because of credibility and not because of economics.”
wolfstreet.com/2016/05/27/market-timer-sam-zell-fed-interest-rate-commercial-real-estate/
Just today we got more of what we call the "probably" meme from Fed Chair Janet Yellen when she informed raising rates soon will probably be appropriate.
Just today we got more of what we call the "probably" meme from Fed Chair Janet Yellen when she informed raising rates soon will probably be appropriate.
Another point Zell made is we've had too much intervention. If you bother to spell that backwards it translates: Not enough letting the market decide.
Until the pin prick gets put to this bubbling along there's an equity bubble, a bond bubble, a real estate bubble, a rent bubble, a student loan bubble, a health care insurance bubble and probably--there's that term again--a few more we've missed.
We had a business acquaintance a while back who liked to drown his gin in BubbleUp. We now know he's not alone.
Until the pin prick gets put to this bubbling along there's an equity bubble, a bond bubble, a real estate bubble, a rent bubble, a student loan bubble, a health care insurance bubble and probably--there's that term again--a few more we've missed.
We had a business acquaintance a while back who liked to drown his gin in BubbleUp. We now know he's not alone.
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