It is great for fixed income retirees to raise it to 3% (the average
inflation rate). But, it is bad for business (easy money to finance
projects) / house builders. The market may crash due to our record-high margin
debts.
That's why we have market cycles. When it goes to extreme,
the market will react (crash in many cases). The Fed does not want to
crash the market.
No comments:
Post a Comment