Greg Hunter – Financial expert and trader Reggie Middleton says the Fed is “going to be forced not to raise interest rates.” Middleton explains, “If they do raise rates, money is going to fly into the dollar. The dollar is going to become even stronger relative the euro and Asian currencies. Then you are also going to have a lot of pressure on U.S. corporates because any international business is going to take a significant hit.”
Middleton goes on to say, “If the economy gets better, they can raise rates, but why would the economy get better now when it didn’t get better last year or the year before that? In order for the economy to get better, you need to flush that garbage out of the system. They refuse to do that. Instead, they made a bunch of rules. They papered over it. They still have no mark to market accounting. Nobody knows what’s on the banks’ balance sheets. Nobody knows what it’s worth, and they literally made it legal for the banks to say we won’t tell you what it is worth.”
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