You, like me, may be a bear at heart. You probably joined Sure Money a long time before I got here. The guy whose place I took was a brilliant market strategist who was just a little early in my view. There is not a scintilla of doubt in my mind that his view will ultimately be proven resoundingly correct. Those of us of a bearish persuasion will make a lot of money over the next few years.
On Monday, I promised I’d tell you a little bit more about the Fed Funds rate. Well, the more I started writing about it, the angrier I got.
The Fed’s policy of raising interest rates is a sham. We may as well call the Fed Funds rate the Fake Funds rate. The policy is the opposite of monetary tightening, and actually is an easing. And the Fed Funds rate and all other published interest rates are based on a sham…costing you money every year if you are a US taxpayer.