by Mish
Here’s a quick chart to reflect on, given the consensus opinion there will be 3 rate hikes this year.
What can possibly go wrong?
Addendum
A question keeps coming up as to why debt increases far faster then the alleged yearly deficit.
Here is the answer: US Deficit at $590 Billion but Debt Up $1.2 trillion: Sleight of Hand Magic.
Mike “Mish” Shedlock
A new IMF report compiles debt data through the end of 2017. The numbers are staggering.
Reader Henrique from Brazil asks “Can you please explain in simple layman terms why zero or negative interest rates are bad? What should the interest rate be?”
A question on negative interest rates has arisen in response to Negative Interest Rates: Have They Backfired Already?
I have official guidance that a party is on through 2030. Nothing can possibly go wrong.
Alternative Bank Schweiz (ABS), a small bank in Switzerland broke the negative interest rate on deposits barrier, CHARGING customers to take their money. (emphasis in caps from the article).
Home flipping is up and so is flip financing. Flippers sing the praises of increased leverage.
Reader Duncan Burns, a writer for the “Valley Patriot”, a local newspaper in North Andover, Massachusetts pinged me with an interesting chart on the home ownership rate in Massachusetts.
Several readers disagreed with my statement that “negative interest rates cannot occur naturally“.
The personal savings rate fell to 2.6% in the 4th quarter. The all-time low rate 2.2% in 2005. What's going on?
