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Bill Nelson's avatar

They won’t raise rates because they want to clean up their portfolios and those of their buddies before they move rates up. “It’s a club and you and I aren’t in it” George Carlin

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Rocky's avatar

Gone are the days when Greenspan would wax eloquently - no more, no less.

Today it reminds me of high school when all the feckless idiots cling together out of fear and then use their clique to push out their thoughts on others.

My science fiction novel on how it ends –

Some spark somewhere related to overnight rates spiking will start the dominos falling and then crash the system.

A couple days to a couple weeks and the whole thing will turn to ashes.

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