View: real rates start to bite.jpg (890×474)

real rates start to bite.jpg (890×474)

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About time. For two long, capital was not rewarded. makes for a TON of economic distortions. 10/20/18
CRACRA
Gold-man seems to think more rather than less rate hikes by 2019:  
 
"In order to ensure it achieves the growth slowdown we think is needed to contain overheating risks, the Fed will likely still need to deliver significantly more hikes than embedded in current market pricing. As a result, we remain comfortable with our call for 5 more hikes—2 more than priced—through the end of 2019." 
 
(From ZH article. Not sure why I can't post the link.) 
 
10/20/18
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