Kansas City Fed chairman says its time t…

Kansas City Fed chairman says its time to raise interest rates. While that will push a lot of the private equity lending over the edge, and probably put companies in default on their debt, until we do that, we won’t really address the underlying illness. We have an economy that was built up on “free” money the last 10 years, which led to incredibly imprudent misallocation of resources. Someone also needs to start asking the question “if businesses can borrow money at close to zero percentt, and don’t see a way to do that and make a profit, what’s really wrong with our economy, and how can we fix it?”