2020 they will possibly raise rates from 0-0.25% to 0.25%. Why do I even bother with this shit anymore? I reached my stacker target about 2 years ago and have moved on. I check market prices etc most days, but I Don't bother reading much stuff any more concerning PM's. Everything is rigged, it's all a scam. Life goes on, I have my 'insurance' policy which isn't in government hands. When the next big economic crisis occurs I will take more of an interest but until that time I will be doing other stuff.
Damn it........ I was hoping they would make the decision sometime today (The 16th). Now I gotta wait another day and half..........Bugger!
lol they stuck!! They in control alright... like a run away train driver with no breaks, next move is to see if acceleration will help lol
Sure can, a recent feasibility study in the US suggested that rates would need to be between -3.0% and -4.0% in order to respond to a total collapse of the stock market. The study also suggested that when below -1.0% there would be to much incentive to pull cash out the bank so a cashless system would need to be put into place prior. It was also pointed out that a cashless system would only work if majority of the major economies went cashless at the same time otherwise US citizens would most like continue cash transactions in Euros or another currency. It's interesting to see the global push now towards everyone going cashless following this study.
Damn it! I was reallly hoping Yellen would raise rates a little to send some shock into the system. Now we gotta wait until October for gods sake!!!
The boy who cried wolf: http://www.reuters.com/article/2015/09/24/us-usa-fed-yellen-idUSKCN0RO2GR20150924
She has to appear confident regardless of the current situation as the Fed has a mandate to tighten fiscal policy. She could very well know that the Fed is closer to loosening policy, but would never admit it as the markets need at least the perception that the Fed is in control.
It's just hot air and proof that those vested with managing the economy don't have the power nor the skills to be able to fulfill their task. If they didn't do it last month, then why would they do it next month? https://frbatlanta.org/cqer/research/gdpnow.aspx?panel=1
Just seen on ABC 24 news that Janet Yellen is now saying rates WILL DEFINATELY rise sometime in 2015! The new news is shaking the markets up as we speak. http://www.abc.net.au/news/2015-09-...te-rise-still-likely/6804074?section=business