Forever misguided

Bill Gross said the Federal Reserve will raise interest rates in September, because the central bank increasingly realizes that loose monetary policy isn’t helping the global economy. Bloomberg’s Mary Childs reports on “Bloomberg Markets.”

Logical conclusion: A rise in rates will help!

Correct conclusion: Monetary policy has not been loose!

2 thoughts on “Forever misguided

  1. The anorexic kept losing weight despite eating one egg at breakfast, lunch and dinner.
    Ergo, she should stop eating altogether. Eating did not solve her problem.

  2. “Logical conclusion: A rise in rates will help!”

    Well, Nick Rowe does say CB activity is all about “signalling.” They just need to make sure that “everyone gets the memo.” It’s as clear as a bell!… …unless of course you’re one of those “people of the concrete steppes!!” ;^)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s