It's a new year (BTW a very Happy New Year to you) and the markets face the same confounding question confronting them and us since economic recovery began in 2009.
When will interest rates begin rising into a more normal range and the bank borrowing rate increase from next to zero?
Absent some external shock, the Federal Reserve Bank is in control, doctoring the system and continuing to hesitate taking the economy off what amounts to a drug—extremely cheap capital.
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