That may be, but the Fed going from 0 to 0.25% should be OK.
They've got to start sometime to end virtually no cost loans.
Alex
"There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge."
-- Isaac Asimov