Loading ...For the most part I think Mr. Market is really in charge and the bozo bankers are reacting in defense mode. And copy cat on Paul Volkers 1970s rates to 21% to kill the beast Gold.
One thing they need to worry about, if somebody on Financial News media says something like, “A high interest rate is the sign of a weak currency, and a country’s economy in trouble”.
The economy was converted to 4 wheel drive long ago, from 2 wheel drive. Unfortunately, a 4 wheel drive gets you stuck in a worse place than 2 wheel drive. The system is very far from a paved road.