Monday, August 24, 2015

FOMC - They Once Said: "When the Fed Starts to Crunch..."

...it's time to go to lunch."

I.e., when the Fed starts to raise interest rates, time to get out of the market.

But now, this maxim is being turned on its head.

People are going to lunch worldwide, ahead of a move by the Fed to raise rates.

So now we may hear something like this:

"Now that people are going to lunch,
It's a terrible time for the Fed to crunch."