>When the fed raised rates the last time ,stepwise & slowly it didn't work as planned
You mean how when they raised rates in part to prick the housing bubble? How did it not work "as planned"? When the economy heats up and inflation is a risk, rates will rise. This is the business cycle.
>I just believe Peter schiff on this.
Being as how he's been wrong on just about every public prediction he's made, and his hedge fund gets crushed both during the crisis (which he "predicted") and since, I think you'd do better to expand the borders of your economic prognosticators.
Well my 1st expansion was looking at the bandwagon of ( Rogers, faber, schiff,...) I was about to invest at the peak of dot com but reading them kept me out
Didn't buy during house bubble- I was wary of what this group was saying - but I couldn't convince my condo flipping acquaintances - my chicken little perception faded a bit. I do notice that it's very hard for analysts to be flexible , thus titles like perma bear/bull...
You mean how when they raised rates in part to prick the housing bubble? How did it not work "as planned"? When the economy heats up and inflation is a risk, rates will rise. This is the business cycle.
>I just believe Peter schiff on this.
Being as how he's been wrong on just about every public prediction he's made, and his hedge fund gets crushed both during the crisis (which he "predicted") and since, I think you'd do better to expand the borders of your economic prognosticators.