Wednesday, December 16, 2015

No need to read the Fed tea leaves

The answer is yep ...we are going to see a 0.25% fed rate hike at 2pm today.

You only have to walk around Brooklyn Heights and see the amount of renovations/construction repairs going on to know that the mood has changed and people feel comfortable taking their wallets out of their pockets and are spending cash (which boosts the economy and takes out the slack).

Investors know what they can expect from US Federal Reserve chair Janet Yellen, but they are not so sure what they can expect from markets.

What happens next and where do we go from here......who knows.

Interesting article predicting that it doesn't....not sure I agree with it though as capital is more efficient these days (eg naturally swells to gunk up the works and drive up inflation).......


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