discuss central banking shenanigans
my prediction:
no hike
gold 1340
>>1407016
>no hike
well yep, you were right
rate hike will never happen in the next few months desu senpai
>mfw schiff was right again
http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
The entire system is a completely fucked Catch 22. If we raise rates, corporate earnings get killed. If we keep them low, the banks fail because their current ROE is next-to-nothing and shrinking.
Gold looks like one of the few decent investment opportunities right now. Buy physical and keep with you next to your firearms.
http://www.usfunds.com/media/images/investor-alert/_2013/2013-06-28/GOLD-combined-money-supply-influencing-gold-price-06282013-lg.gif
Rate hike odds has always been 0.
They literally can not up rates what do people not understand? Up rates = defaults happening every fucking where.