No kidding? Return to savers finally off zero after 8 years its about time.
.@WSJ : " #Fed interest-rate increases aren’t having the desired effect of cooling off #WallStreet ’s hot streak." https://t.co/XcHEndNN2y
— Mohamed A. El-Erian (@elerianm) June 12, 2017
A puny rate increase in not going to affect margin purchases significantly. If they want to cool off the market, they should raise the margin requirement.
ReplyDeleteReturn to savers finally off zero after 8 years its about time. Matt Franko
ReplyDeleteThe return for a risk-free deposit should be no more than 0% to avoid welfare proportional to account balance.
We do need more private sector net financial assets but the just way, in addition to perpetual deficit spending by the monetary sovereign is:
1) Welfare proportional to need
AND/OR
2) Equal fiat distributions to all citizens.