2015-03-10ibtimes.com

``"Today, the market is spooked because Dallas [Fed] President Richard Fisher is calling for a prompt increase in rates. So, the impression is that anyone who was thinking that the increase would come later than June is now unwinding that bet," said Keith Bliss, senior vice president at Cuttone & Co.'' -- Of course, the article's explanation about gold is complete B.S., as gold actually isn't even down on this news today. At any rate, major moves like this suggest the Fed will probably have to back off rate increases, since their real job is keeping the financial sector floated....



Comments: Be the first to add a comment

add a comment | go to forum thread