Thursday, April 13, 2017

The Fed is made up of bureaucrats and academics

Interest rates are certainly going higher but I look at the market more than I look at the Fed. The Fed has basically always followed the market, but interest rates will go higher one way or another. Now ... when problems start arising again, the Fed is going to panic and cut rates or print money because they don’t know what they’re doing. They’re bureaucrats and academics; they’ve never gotten it right.