What the Fed is saying is ‘Don’t worry we've got your back, you can borrow money for as long as you want,’ and that’s what the stock market wanted.”
- Jim Rickards via a recent Yahoo Finance interview.
Friday, January 3, 2014
You Can Borrow Money As Long As You Want
“We didn't get a pure tapering, we got two messages: one is they’re going to begin tapering in modest amounts and the other was that they've made it very clear that they’re not going to raise interest rates for a very long time.
What the Fed is saying is ‘Don’t worry we've got your back, you can borrow money for as long as you want,’ and that’s what the stock market wanted.”
What the Fed is saying is ‘Don’t worry we've got your back, you can borrow money for as long as you want,’ and that’s what the stock market wanted.”
