Anarcho-Capitalist Jeff Berwick: Janet Yellen is "Peddling Fiction"

We have made some very bold claims in the past. Since 2010, to many jears, we said that the Federal Reserve would never raise rates significantly again. Most laughed. They said that surely this crazy, emergency 0% interest rate policy was only temporary. Five long years passed, and even a Fed Chairman later, before finally, after seven years-to-the-day, on December 16th, Janet Yellen took the bold move to raise rates 0.25%.

Anarcho-Capitalist Jeff Berwick: Janet Yellen is "Peddling Fiction" Fed-Raises-Rates-The-Dollar-Vigilante

Anarcho-Capitalist Jeff Berwick: Janet Yellen is "Peddling Fiction" Fed-Raises-Rates-The-Dollar-Vigilante

“There, you see!” said some. But we retorted that we meant the Fed would never significantly raise rates again. 0.25% isn’t exactly a massive move.

We responded that the Federal Reserve would soon begin backpedalling on future rate hikes. We also had said, since the summer of 2015, that even a 0.25% rate hike could be enough to cause a major collapse in the markets.

And since they rose rates 0.25% on December 16th, what has happened?

World markets have dropped more than ever in history to start the year and the Dow Jones has dropped 1,805 points.

http://www.marketoracle.co.uk/Article53850.html

Anarcho-Capitalist Jeff Berwick: Janet Yellen is "Peddling Fiction"

Anarcho-Capitalist Jeff Berwick: Janet Yellen is "Peddling Fiction"

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