The two worst expansions of the U.S. government in history occurred in 1913:
The creation of the Federal Reserve and implementation of the income tax.
If you do own any AGNC stock then do us all a favor and sell it all. Otherwise, please, please, please, #$%$.
Nick is simply an annoying gadfly. If only someone produced a swatter large enough, I would swat him....and you too for that matter, after posting such an insightful observation. ...buzzzz
But isn't it true that the Fed only raised rates 1 time ?
How could agnc plummet, starting 2 years ago, with only 1 rate hike ?
We've had low rates for a decade, and look where we are.
If its true that raising rates will kill us, then why doesn't this go over 20 every time there is a bad economic report.
Anyway, I think the fed governors who said that 4 rate hikes a year are gradual hikes, are not being honest, since yes, it would be about a 1% total rate hike, but no, its not gradual when you quadruple rates in 1 year.
I'm sick and tired of the fed manipulating the market.
The fed should be responding to the market, not controlling it.
Perhaps the most scary thing is that the fed is now apparently reviewing all major coporate buyouts like wmb being bought by ete, and emc being bought by dell, and tyco merging with johnson controls.
I submit that this isn't what the fed is for.
Its not to micromanage every deal.
Its supposed to regulate the supply of money. THATS ALL.
It hasn't shown it can even do that.
And tommorrow we'll hear the bg mouth of another fed governor.
If I were the SEC, I'd call in the Fed Governors and ask them to stop manipulating the markets.