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Disappointingly, it is much more probable that the government has brought us out of the Great Recession only to set us up for the Greater Depression, which lies just on the other side of interest rate normalization.
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During a conference call Wednesday, Dimon explained that "several of our trading books were on the wrong side of interest rates" in the quarter.
Advanced notice of interest rate adjustments.
But for much of last year and into 2015 Woolnough has been on the wrong side of the interest rate bet.
"MACD filters out the noise but gets the investor on the right side of major interest rate trends when there have been any.
"Raising the general level of interest rates to manage a single asset price would undoubtedly have had large side effects on other assets and sectors of the economy".
You'll be on the side of "higher interest rates immediately for all Americans!" and I'll be on the side of "That's insane!" And in the meantime we'll be busy mining all the Republican statements in favor of George W. Bush's concept of the "unitary executive," rest assured.
On the plus side, the interest rate for those kinds of bonds is based on the state's credit rating, which is high for Oregon and Missouri.
Both could be side effects of substantial interest rate cuts.
As with all arbitrage, however, there is a risky side: "If interest rates spike, the cost of your borrowings will quickly outpace the rate of return you're getting on your policy," Mr. Troth said.
On the positive side, loose interest rates in the U.S. pushed mortgage applications up 29.8% Y/Y, most of which were refis.
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