FinancialAdvisor's College Class (FACC)

[QuickTrade]

Inflation data may say none but commodities need fixing. Obviously it will hurt consumers if they keep moving higher. The only way to fix it is to raise rates. Bernanke is like a dog in the sense he lives in the moment as opposed to planning the future. So I'm sure he'll cut then 50-100 pts.

12 mths ago I continued to say that rates need to be lowered right away and they weren't.(I can find posts) Now..

The right thing to do at this point in time is raise them.

People will say to me, don't you think higher interest rates will hurt the consumer further?

My answer: Nope. Banks already tightened up where not everyone can get a loan, so big deal if rates go higher.

plus mortgage rates are moving up anyway.