The Fed Has A Big Surprise Waiting For You


The Fed Has A Big Surprise Waiting For You (ZeroHedge, Sep 13, 2014):

The US economy is dead. The Fed has known this for a long time, but pumped it up to where it is now to draw in all the greater fools, the so-called big investors who have made money like honey from QE and ZIRP. They are the greater fools. The American real economy ceased being a consideration long ago. We’re in for big surprises, and they won’t be pretty, they’ll be pretty nasty. There are far too many people who think of themselves as smart who don’t see the difference between a theater play and a reality show. The Fed will raise rates because that will make the biggest banks the most money. There’s nothing else that matters. The Fed can’t revive the US economy, that’s just a foolish notion. But it can suck a lot of wealth out of it.

4 thoughts on “The Fed Has A Big Surprise Waiting For You

  1. Usually, at the end of the week, I can find the going interest rates……that have tripled this year. They have been scrubbed off all the financial websites.
    No surprise here. Interest rates have gone up for all, except the banks.

  2. The last group to get sucked dry (I have said this before) are the wannabe greedy guts, people sitting on multiple underwater properties with multiple, ARM mortgages on them. It has been manageable for some with one and two percent interest rates, but now, they are above 5% and climbing. Those with jumbo loans (over $700K) are nearing 6%.
    I got a call from one person I know in that category; one of her mortgages went from $1700.00 a month to $4400.00 with no notice, it just tripled.
    That was a 2nd TD.
    That is happening all over the US.
    I have been unable to find out current foreclosure rates, but they are going up again, I am sure.
    The wannabe greedy guts….after they get bled dry, there will be nothing left.

  3. Just found Monday morning mortgage interest rates for those with perfect credit……Jumbo ARM 6.25% highest so far……
    Others well over 5%. One black mark, and the rate is higher……Wannabe greedy guts are the last horizon………

  4. Only the mendacious bankers destroying the US could use interest rate hikes as “good”, because the economy is doing so well, they will start raising them as early as March. Oh, forget the term they suggest the reader focus on, the real story is the fact they are stopping the purchases of bonds or US treasuries in November……..less than two months from now.
    Here is a quote from the nauseous article from the Guardian.
    “Most economists think the Fed will raise rates starting around mid-2015. But as the U.S. economy has strengthened, speculation has intensified about whether it might do so sooner, perhaps by March. ”
    Go to the Guardian and check out the article speculating on the words the FED will give on Wednesday……

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