The US Has Already "Tightened" -- Which Explains A Lot [CAN IT TIGHTEN MORE??

``... the dollar, which is up by about 20% versus most other major currencies (and a lot more versus emerging market currencies like the Brazilian real). A stronger currency makes loans harder to pay back (just as would a higher interest rate), exports harder to sell (because they're priced in a more expensive currency) and imports correspondingly cheaper... Goldman Sachs calculates that the above, along with the recent volatility in stock prices, works out to three 25 basis point increases in the Fed Funds rate... Which makes those equity market gyrations look a lot like the taper tantrums that accompanied the end of the first couple of QE programs -- and led to more easing in short order...''