DOW of 20,000? Who would have thought? Yet, Janet does not raise the rates.
In one country, the rates were lowered. This to get people to spend. What happened? People cut back, said "this is crazy" stuff, and saved more.
In China, traders make a mint off of playing with these things. Traders? Well, they are not moving any product or such. No, just fiddling with bits in some warped space related to monetary markings of an arbitrary nature.
What is a sane person to think?
Remarks: Modified: 08/15/2016
08/15/2016 -- One of last week's WSJ (which day?) had an article about the rates. Can they go lower? Which rates? Are you awake? ..., I hear that negative rates seem to correlate, somewhat of late, to rising savings. This being seen in various countries. One woman who runs a small business, in Germany, increased her savings. At the same time, she says that looking at her savings account makes her want to cry. ... I know the feeling. To me, it's the getting slapped silly by the banks that grates. ... Now, in that same article, Miles Kimball of Michigan says rates ought to go lower. Who is this guy? Well, he is Miles Spencer Kimball. Here is his blog (supplysideliberal). I just ran across this Harvard educated guy; but, I'll get back to you about why he thinks the flaying of the elderly is a good thing.
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