USA can't raise rates. Current account deficit just came in much higher than expected...so their GDP is about to be revised down to 1% approx instead of the already low 1.2% it was.
Plus, raising interest rates will kill off whatever hopes they had of economic stimulus via monetary policy.
If the USA economy is so great...why haven't they raised rates already? And when they did by only.25% the stock market had the worst start of all time in January...
So...no ... they won't raise rates... plus the jobs figure doesn't distinguish between part time work and full time work...so misleading. Look at every other indicator ---manufacturing down, exports down, GDP down... How can they raise rates? It's a show... a pre-election theatre..
"USA economy is doing so great that we will raise rates...soon...just not now"... been the same tune for a long time now.
MOY Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
