With bond markets continuing to slide, today one of the greats in the business sent King World News a powerful piece warning that a critical decision will have major ramifications for everything financial.
“At this point, I see the US economy as performing well. Domestic spending has been growing at a solid pace. [A December rate hike] is a live possibility.” — Fed Chairman Janet Yellen, 11/4/15
November 5 (King World News) – From Jeff Saut’s note today: While most people probably find the topic of interest rates to be…well, not very interesting, the impact they have on the global markets and our own personal financial situations is tremendous when you really stop to think about it.
