Removing some of the ridiculous amount of leverage from the system is a good thing. The third of November is two and a half weeks of notice. Get it done.
https://www.youtube.com/watch?v=ISDgcB-J4fQ
Removing some of the ridiculous amount of leverage from the system is a good thing. The third of November is two and a half weeks of notice. Get it done.
If that was the end result, it would be a good thing. The problem is that if the pension funds melt down again the political outcome will be a bailout and, ultimately, more debt.
So long as the financial markets traffic in derivative side bets every attempt to raise rates triggers a meltdown.
Removing some of the ridiculous amount of leverage from the system is a good thing. The third of November is two and a half weeks of notice. Get it done.
https://www.youtube.com/watch?v=ISDgcB-J4fQ
If that was the end result, it would be a good thing. The problem is that if the pension funds melt down again the political outcome will be a bailout and, ultimately, more debt.
So long as the financial markets traffic in derivative side bets every attempt to raise rates triggers a meltdown.