Futures are tanking overnight after the RBA raised rates for the second time in a month. The move could be the beginning of a global Central Banking trend. Of course, everyone knows the recovery in the U.S. is mostly stimulus based so any hint at rate hikes could send the wrong message at this fragile juncture in the recovery process. The Fed is on deck Wednesday.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.