Are these people really that stupid or are we just not seeing the puppet strings or the hand up their arses moving their lips. 😱😱😱

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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.


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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.

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