Sunday, July 19, 2015

7/19/15 Its Time to Normalize

Last week we had Janet Yellen give the Fed's semi-annual report to congress.  As one Chris Hamilton  of Hambone's reports, "The Fed's contention is things are good enough that although private sources only wanted to deleverage with rates at record lows...now with rising rates private sources will choose to take out the debt they didn't want at lower rates plus refinance all that existing debt into higher rates??? "

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