Powell talking about the magical mystery rate, rather than letting the economy determine rates with oversight by the FED, has shown they have learned nothing from 07-08.
Of course....they control the market!!
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Buy the market dip on interest rates fears and bet on bank stocks, Bernstein saysRising borrowing costs have scores of stock traders worried, but others – like AB Bernstein's top equity strategist – believe the latest sell-off in equities will give way to gains through the end of the year. Forget consumer and corporations are leveraged to the gills.
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