Terry Sacka: Fed rate hike could be pulling the pin on the economy

“What they did was merely saving face and giving them the ability to lower that rate real soon with what is coming.”

Terry Sacka of Cornerstone Asset Metals called it as he sees it in a TruNews interview on Wednesday, December 16th.

“The last time the Fed raised rates, the debt to GDP was 61%; now it’s 104%.  Housing starts were 2.5 million and booming; now they’re barely 1 million.  We’re not doing even remotely okay to have rates go up but

9/3/15 “Giant U.S. Pension Fund Calstrs to Propose Shift Away From Stocks, Bonds”

Calstrs to discuss shifting up to $12 billion to Treasurys, hedge funds, other investments

The nation’s second-largest pension fund is considering a significant shift away from some stocks and bonds, one of the most aggressive moves yet by a major retirement system to protect itself against another downturn.

Top investment officers of the California State Teachers’ Retirement System have discussed moving as much as 12% of the fund’s portfolio—or more than $20 billion—into U.S. Treasurys, hedge funds and other complex investments that they hope will perform well if markets tumble, according to public documents and people close to the fund. Its holdings of U.S. stocks and other bonds would likely decline to make room for the new investments.