At least for the Kansas City Federal Reserve Bank President Esther George, the future is crystal clear. According to her, the US Economy will continue to accelerate, interest rates will go significantly higher and the FED will eventually work through it’s $4 Trillion Junk balance sheet without a sweat. The time to raise the rates is NOW. Fed’s George wants rate hikes soon, and not too gradual
With her vision being so clear, it must be a personal sacrifice working for the FED and NOT making billions on Wall Street. Yet, the reality is quite different.
Interest rates continue to decline while flattening the yield curve (suggesting a recession), the stock market is back to the bubble/speculation levels unseen since the 2000/2007 tops and the FED continues to tighten. As I have mentioned before, the worst thing they can do now is cut the QE, let alone raise interest rates. Proving once again, the FED is nothing more than a reactionary force.
All of this is confirmed by my mathematical and timing work. It shows a severe bear market/recession within the US between 2014-2017. When this bear market starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning exactly when this bear market will start and its subsequent internal composition, please Click Here.
