So… the Fed is going to RAISE rates this year?

O RLY?

Unemployment, jittery housing, crunchy credit and Bernanke comes out all posturing like he’s gonna be able to raise rates? The market may have bought it for a day or two but I don’t believe it for a second. It’s nice and all to want to strengthen the dollar because gas costs an arm and a leg but Ben Bernanke won’t be able to raise rates in the US for a good long time. ‘Course now that he’s put on the hawk suit if he decides to hop back into the helicopter (and another rate cut by end of year wouldn’t surprise me, not that I am a fan of said action) he looks like an epic failure… not a position I’d wanna be in.