Some notes. The Fed did not raise rates, the politicians did. Second, we have shown over and over, the Fed really does not set rates, generally the Treasury curve reflects choices made by our elected officials.
We are seeing nothing less than the usual Wall Street welfare bums looking for a Trump handout, in the form of another trillion or so in QE.
The true currency banker is a spreadsheet function, it keeps the welfare bums away. The whole point of central banking is to operate off equilibrium in favor of certain groups, namely Congressional borrowers and the market. One can see the mess as financial economists have to make up bizarre, complex theories.
It is too large for Wall Street welfare bums to get their QE without an associated down turn.
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