What has changed?
Posted on: October 24, 2018 at 16:52:29 CT
Ferg MU
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The economy is much stronger after the removal of the anti-business regulations imposed during the Obama administration. The tax cuts coupled with a more business friendly environment have stimulated GDP growth. This is nothing unusual. Interest rates are still below neutral. It's not like the fed has raised i-rates above where the market would set rates.