Biotech Values

[zipjet]

Would you agree that too far is a bigger concern if too soon comes to pass?

LOL

Perhaps, even probably.

But not necessarily.

I would not have a problem with the Fed raising the FFR to 50 bps now provided they left it there for 2 years.



So it is not purely the timing of the first increase, though that may very well turn out to be surrogate marker for how high they take it.



ij