Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

Thanks Lee good comments.

I think the prime rate is key. If Banks do not increase the prime with the FF, their profits will hurt. FF increases will put pressure on Money Market rates to increase. Many banks pay out returns at this rate. The banks are now fat with profit thanks to AG. He protected them during the last recession. They borrow reserves at the FF rate and cheat savers on Money Market rates.

Bank stocks could get crushed. They dropped today.

Lets watch tomorrow, and the next day, as prime rate decisions come out.