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CEOQuinn
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"Free Market Capitalism" I am a enthusiastic student of the Financial Markets and of the economy. Even though I do not place trades, yet. Or invests in any securities I mention, yet. I am an avid reader of anything classical and economic books. I am an avid watcher of many CNBC shows, including... More
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Mr.Market's Wisdom
  • Banks: The Reason Not To Fear High Interest Rates 0 comments
    Jul 9, 2013 10:06 AM

    As Larry Kudlow pointed on his show Monday, he said banks could see "...romping profits.." just think about, what are interest rates? Prices of loans. So If Banks get to charge more on loans, that means fatter profits meaning higher earnings (the King of Stocks). So the Financials would possible and I mean possibly, could be a smart place to hold positions if you wish not to abandon the stock market altogether when rates that could go up probably sometime in 2014 as been hinted at; Or just save and let your money accumulate in banks accounts another move taken when rates go up. Higher rates do not mean doomsday as some would like you to be. And if this true that key provisions in the Affordable Care Act are delayed that could mean continued expansion due to less burdens on business.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: There is always risk.

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