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Napanee, Ontario | That "Plan" has been "widely discussed" for about 4 years running now. Interest rates are always set to rise "later", and that drum has been beaten nearly to death by main stream media at every turn. "Later" will be when the fat man in a red suit shows up out of your chimney to eat your milk and cookies.
Like i've been saying forever, all it takes is a 5 year old and a calculator. If he can punch in the right amount of zeros for $18 trillion, and then hit "x 5%", ...you have your answer why interest rates arn't going anywhere. And then you will understand why this whole charade of "they will be raised later" jawboning that gets paraded out on CNBC and MSNBC and the FED's press office every couple weeks like clockwork, is nothing more than a ruse, and a complete LIE. How many times does "later" have to be pushed back before people put get the hint?
Edited by OldMcdonald 2/18/2015 23:37
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Overlooked inflection point in the market today
