Tuesday, December 06, 2016 12:59:29 PM
To your points about lowered GDP and earnings, we also know those don't improve in a higher interest rate environment, so something has to give. I think it will be interest rates. I have even read recently that the Fed may NOT raise rates this next meeting in December. If they were smart they wouldn't, but as far as their credibility goes they probably will have to. IMO the economy is still too weak for another hike.
LOL, Smoot Hawley...history could repeat itself if Trump starts implementing tariffs on everyone! S.H. is credited as one of the big factors plunging the world into the Great Depression in 1930.
That might not be the way to go. Ha
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