Quote:
Originally Posted by Sly
Recent OPEC comments, Libya casually mentioning they may cut production, drop in the stock market, the fed rates staying low... that's just a few.
If the fed rates would have went up, the stock market would have went up, the dollar would have went up, and crude would have likely went down... along with economic growth.
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And an instant 1 million extra homes in foreclosure in the states. I think a rate increase is the absolut last resort the Fed would try, and the effect would last a couple of weeks top.