Velocityshares Daily 2X Vix Medium Term (TVIZ)

[gldtimer]

Accommodation Is What Fed Does--Not How They Do It.

Old adage: two ways to skin a cat. To raise rates the Fed can either sell off its balance sheet, or use reverse repurchase agreements, which they are currently doing.

http://www.wsj.com/articles/when-the-fed-raises-rates-these-traders-make-it-happen-1481652734

The point is a rate increase, no matter by what means, is a rate increase which lowers (everything else being equal) accomodation.

Good to hear from you again Pumpers.