Check out oil and commodity, if this doesn't stick to price expectation I don't know what will. A foregone opportunity to do the right thing will cost 3-5x as much to do everytime you forgo the chance to hike rate. ( Please read the bottom of this letter to see that I am willing to bet my entire long investments to prove that I am not shooting my mouth off. )
Why not hike now? Stock and momentum investment (including commodities!!!) will drop, who knows where, but at least, Sir Ben, I would still be employed and business is gonna be able to run without haemorrhaging cash and without fudging accounting #s.
Who cares about the stock price? The CEO who awarded himself 40 million shares? C'mon sir you know better than that.
Please, please, hike the rate now.
A concerned bank insider/citizen who preferred losing his stock investments than losing his job.
The right enemy
5 years ago