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Would like to see Esther George as the next Fed Chair...
MGLICKER
Posts: 7,995 ✭✭✭
....and sooner rather than later.
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"""To forestall another bubble, George, 56, says it’s time for the Fed to start raising interest rates it has kept near zero since 2008. She argues that ultra-cheap credit is no longer needed to support an expansion that’s in its sixth year after the worst recession since the 1930s.
“The Fed took pretty aggressive action because we were in a fairly desperate situation,” George said. “Once we saw the economy turn, we might have removed some of those emergency measures, including zero interest rates.” """
Story
"""To forestall another bubble, George, 56, says it’s time for the Fed to start raising interest rates it has kept near zero since 2008. She argues that ultra-cheap credit is no longer needed to support an expansion that’s in its sixth year after the worst recession since the 1930s.
“The Fed took pretty aggressive action because we were in a fairly desperate situation,” George said. “Once we saw the economy turn, we might have removed some of those emergency measures, including zero interest rates.” """
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I give away money. I collect money.
I don’t love money . I do love the Lord God.
Yellen can say Duuuuhuh, what happened, as Greenspan did after the housing market went bustoid.
<< <i>Guess it is better to let the stock and junk bond markets keep rising and then crash.
Yellen can say Duuuuhuh, what happened, as Greenspan did after the housing market went bustoid. >>
Ahh who's thinking about a crash?
I'm making money now in this bull market!😘
I give away money. I collect money.
I don’t love money . I do love the Lord God.