All the idiots (like "Big Bird" Jim Grant, pictured) wrongly wropredicted skyrocketing interest rates when the Fed started to engage in all it extraordinary monetary operations eight years ago are now predicting the Fed will have to lower interest rates right away.
What fucking morons.
And the dumb shit, clueless media, like CNBC, keeps bringing these assholes on their air.
Mike he is probably advising all of the hedge funds...
ReplyDeleteright Mike they are probably looking at the collapsing prices and thinking "the Fed has to create some inflation!" so they think they have to LOWER the rates to do this...
ReplyDeleteMeanwhile prices have ALREADY COLLAPSED with rates at ZIRP for 7 or 8 years or WTF...
What a bunch of idiots.
We have to be able to fade these people...