Interest rates have already been priced in for a while. Hence the S&P 500 going up 3% when the Fed announced they were hiking by 50 bp for the foreseeable future. The only way another crash happens is if the Fed is forced to hike by 75bp.
Also the Fed has already said that they are going to raise rates much higher than 75bp. And in fact they have to to control inflation. Interest rates should be above eight or 9% right now and it’s not.
Sell to get some cash after the April tax bill and then take a vacation in June/July after the kids are out of school.
Where do people get ideas like this from?
It just seems so completely disconnected from any kind of conventional economic policy that it is hard to understand why someone would say it.
https://en.m.wikipedia.org/wiki/Taylor_rule#The_Taylor_princ...
I believe my parents had a 17% interest rate on their mortgage back then.
Long-term, high levels of unemployment are a nightmare.
I wonder if you actually think there’s a way out of the mess that’s been created over the last 14 years?
Depends on which side of the life begins at conception/birth debate you're on ;)
I took your suggestion as suggesting the fed should bump the rate up to nearly 10% in one go, with no warning, which isn't what they did back then.
I also think the artificially induced recession wasn't even necessary. It's more likely that Regulation Q reform is what actually ended that inflationary period.