balance sheet

At the beginning of this month, Janet Yellen announced there would be a rate hike sometime during the month of March.  During inter-day trading, Gold went up over $12 while the Dow went from green to red as Yellen made her announcement.  Previously it was only a one in five chance that rates would go up in March, then it moved immediately to 75% and now 82% according to the CME’s tracking tool of Fed funds futures.  The rate hike will happen more than likely on March 14-15th of the Fed Market Open Meeting, less than 48 hours before our country will have reached the looming Debt Ceiling.  The Fed confirmed last December that there would be three hikes in 2017, and that was also confirmed in her speech at the beginning of this month. [Read more…] about March Newsletter – Get Ready For The Next Bubble, Higher Interest Rates