@BillAckman Higher rates means less money velocity as money gets parked in idle accounts.
This leads to less credit available for your infinite ROI projects that can no longer find cash available in big quantity.
The FED was right in raising rates because of government deficit
BREAKING - Trump just said he doubts whether France or other NATO members would help America if we needed it.
WRONG. The Article 5 mutual defense obligation has been invoked only ONCE in the 75 years of NATO.
To help America. After 9/11. And our allies answered the call.