Ray Dalio's Not Saying A Rate Increase Would Be The Biggest Mistake Of Janet Yellen's Life, He's Just Saying: A Rate Increase Would Be The Biggest Mistake Of Janet Yellen's Life

While an economist at Citigroup says screw the haters, go for it Big J.
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Not only is there no consensus about whether the Fed will end its seven-year-old policy of zero interest rates, but views on the fallout from such a move are wildly disparate. There are some, like hedge-fund titan Ray Dalio, who say a rate increase will prove an epic blunder in the face of a vulnerable global economy, prompting policy makers to abruptly reverse course and start printing money again. There are others, such as Citigroup Inc. economist William Lee, who say the expansion is healthy enough seven years after the financial crisis to withstand higher rates. [Bloomberg]

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