A Knight, the FED manipulates rates up and down, creating through its actions booms and busts. It attempts to control market forces that are beyond its control and the results are, as we see, far less than satisfactory. It is always either too aggressive or too complacent. The best judge of rates is the market itself.

By the way, as far as predictions go, read the new GOA Report which basically states, in so many words, "the end is near"!

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them."~Patrick Henry