Why the Fed Should Not Stress for Rising Interest Rates

The Federal Reserve couldn't even conceive of what's happening right now. They could not imagine an environment where there was a problem in the economy and interest rates didn't go down. Of course, it happened. And it's going to happen even worse because the recession is going to get worse. Long-term interest rates are going to spike. By the way, look at the yield curve. It is now uninverting. The yield on the 30-year is starting to move up. You can see it in the markets. Gold is that proverbial coiled spring right now. But we need more regulation. Because the regulation we had in place would not have worked the idiots at the Fed.