Re:Fed Leaves Interest Rates Unchanged
by phkahler on Thursday September 17, 2015 @04:52PM
(#10235989)
>> People are alot more concerned about trade with China than a token Fed Rate hike, sorry.
Wallstreet is terrified of the rate hike. If it is indeed the start of a ramp to 3.x percent in one year, shit is gonna fall apart again. There really is no way around it due to the inverse relationship between interest rates and housing prices. Better lending practices and stress testing will ensure the big banks can handle it this time. That doesn't help your 401k though.
Looks like we'll see whose right on this by the end of the year. I'm betting on the rate hike in October.
Wallstreet is terrified of the rate hike. If it is indeed the start of a ramp to 3.x percent in one year, shit is gonna fall apart again. There really is no way around it due to the inverse relationship between interest rates and housing prices. Better lending practices and stress testing will ensure the big banks can handle it this time. That doesn't help your 401k though.
Looks like we'll see whose right on this by the end of the year. I'm betting on the rate hike in October.