That could well be the case, the correlation could just be coincidenceor it could be the fed trying to preempt and mitigate the rumour mill... who knows what those crazy cats get up to. According to them economics folks, easy money drives up inflation, which makes money less valuable, which in some strange circles probably makes it less attractive as it's cheap to borrow... then when rates rise again it becomes expensive to pay back (if you didn't/couldn't pay it back at the rate borrowed)... bummer for those holding mortgages I guess... which, unfortunately makes some form of perverse sense. Greenspan drops a smellier fart than usual and the world nearly collapses.
Tis only the plebs who have public money, joe bloggs, govts and the like... the private money holders are mainly asset based aren't they? Either way they command some impressive lines of credit. Wonder how Ellison is getting on with his island.
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