I dont like my head being fcuked around with regarding Int. rates. I have thought for a while that the FED is going too far. Housing Market on the coasts is the scariest part. But, there is no pain. Either the mkts (stock and spread products which incl. Corp bonds, Home Eq, Cmbs, emerging mkts etc.) are horribly wrong or we r going thru a painless adjustment. which makes no sense. which leads to the conclusion that there is 2 much money and int. rates need to go up more :icon_eek: :no: . 2 of my favorite economists (Stephen Roach and Andy Xie - both from MS) have completely fcuked my head up. I think they are wrong. In my opinion, the US doesnt need to raise rates but China needs to slow down and Japan and Europe need to raise rates. China is going to implode. what the fcuk are they building so much capacity for? all of this capacity directed towards exports, fcuk. They are the ones pushing up the commodities.