The market is down more because of commodities and China concerns than a rate hike.
http://money.cnn.com/2015/08/24/investing/stocks-markets-sel...
People are alot more concerned about trade with China than a token Fed Rate hike, sorry.
http://money.cnn.com/2015/08/24/investing/stocks-markets-sel...
People are alot more concerned about trade with China than a token Fed Rate hike, sorry.
This is the most bogus thing I have read all day. The China argument is smoke-and-mirrors, and it doesn't hold any water. The real reason is because of the rate hike. Yeah it would be small rate hike, but the any country that has any stock in US dollars has been expecting rate hikes to gradually increase. So everyone is expecting that if the Fed raises rates, it will continue to do so for awhile. That is why the markets go down when there is talk of a rate hike. And now the jig is up, you can expect to see the dollar start to fall because the world now knows that the Fed doesn't have the galls to up the rates and any stock they have in US dollars is pretty much worthless.
Says the guy claiming that everything in US dollars is going to be worthless...
HackerNews on financial issues is like reading Yahoo Finance.
Wallstreet is terrified of the rate hike. If it is indeed the start of a ramp to 3.x percent in one year, shit is gonna fall apart again. There really is no way around it due to the inverse relationship between interest rates and housing prices. Better lending practices and stress testing will ensure the big banks can handle it this time. That doesn't help your 401k though.
Looks like we'll see whose right on this by the end of the year. I'm betting on the rate hike in October.