09-17-2015, 12:40 PM
I definitely have butterflies in my stomach waiting for the news. A good reminder from Uncle Warren though, as Kerim mentioned above:
"I've never made a decision based on what I think the Fed is going to do near-term or longer term. I mean, it just doesn't enter. When we decided to buy Precision Castparts, there wasn't one word of conversation with my partner, Charlie, or with our board of directors about Fed action. And the same thing goes with our purchase of Phillips Petroleum- Phillips 66."
From here: http://www.cnbc.com/2015/09/08/cnbc-tran...today.html
That said...Argh! I have no idea! Possible .25% FF raise. But the damage they wanted could have been done already with the recent market drop.
Because of structural employment issues (rise of automated technology replacing service jobs) I lean toward no raise.
"I've never made a decision based on what I think the Fed is going to do near-term or longer term. I mean, it just doesn't enter. When we decided to buy Precision Castparts, there wasn't one word of conversation with my partner, Charlie, or with our board of directors about Fed action. And the same thing goes with our purchase of Phillips Petroleum- Phillips 66."
From here: http://www.cnbc.com/2015/09/08/cnbc-tran...today.html
That said...Argh! I have no idea! Possible .25% FF raise. But the damage they wanted could have been done already with the recent market drop.
Because of structural employment issues (rise of automated technology replacing service jobs) I lean toward no raise.