Ahhh....the hidden benefits of out of control deficits...!!
HIGHER RATES FOREVER...
Of course a higher dollar is bad for corporate profits...especially overseas...and bad for the trade deficits...and bad for bonds...except for new ones.
So why is Wall Street happy....well, lets call it VERY VERY SHORT TERM THINKING...
They just want to get the 401k suckers "in" before April 15/May 1....and then REALITY TIME...AND THE PLUG IS PULLED!
Hey, this isn't new you know...it happens all the time...every year. That's why the pros trade the market....unlike the sucker who "invests" in it!!
