Here's what we know:
1. The 30-year treasury averaged 3.4% in 2013.
2. The 30-year treasury averaged 3.4% in 2014.
3. The 30-year treasury is currently below 3.0%.
4. Interest rates go up in a rising interest rate environment.
Here's what we're told:
1. It's a rising interest rate environment.
2. The Fed won't allow another recession.
3. The stock market always goes up.
4. The moon is made of green cheese.
FOMC Statement: 25bp Rate Cut
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Fed Chair Powell press conference video here or on YouTube here, starting
at 2:30 PM ET.
FOMC Statement:
Available indicators suggest that economic activ...
3 hours ago
2 comments:
Green cheese is downright unAmerican. Which makes it even odder that only Americans have cavorted on the moon (or Nevada, if you happen to be insane).
Even sharks are cavorting in space, if Sharknado 3 is any indicator. ;)
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