Bulls are stupid Animals!especially when Im short!
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Is Raising The Federal Funds Rate A Done Deal?
I am amused by the constant discussion by the Federal Reserve governors and the Fed Chair about raising the federal funds rate. As next week is the last FOMC meeting of the year, this is the last chance for the Fed to begin to "normalize" interest rates this year. During the Great Recession, the Fed reduced the federal funds rate to literally zero percent to "stimulate the economy". These zero rates continue to the present time. As defined : In the United States, the federal funds rate is "the interest rate" at which depository institutions (banks and credit unions) actively trade balances held at the Federal ... (full story)
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The only system that will work is one designed by and for yourself.
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