E The Ghost Of The Feds Past: Rate Hikes, Rate Cuts, And The Great Collapse

- Adem Tumerkan

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This is a column I wrote in my recent newsletter issue.

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Joe Economy 4 years ago Member's comment

Even if Yellen did seem too overly optimistic about the state of the economy when she decided to raise interest rates, I still believe that whatever turbulence we are seeing now in the stock markets are not as a result solely of that rate hike. China was and still is extremely volatile, oil continues to spiral downwards, and the US dollar is stronger than almost any other currency which makes US exports expensive and pressures the US economy in a myriad of ways.

Adem Tumerkan 4 years ago Author's comment

I also dont think it is the sole reason either.

But mentioning China, they had a similar volatile and our markets also plunged in August, just as the crowd as positive the Fed would hike rates - then they didnt and markets rocketed.

The data is clear, we are in a recession.

Alot of the issues you just named are symptoms of a strong dollar in my opinion (or atleast the strong dollar added to the damage).

Currency Trader 4 years ago Member's comment

Agreed, well done.

Gary Anderson 4 years ago Contributor's comment

Amazing that.25 percent hike is destroying liquidity. Must be a pretty fragile financial system.