US rate hike

It is at zero at the moment for interest rate in the Federal Reserve (USA).  Because the Chair (Janet Yellen) says that she is looking forward to a rate rise, the US markets came tumbling.

You wonder what they teach at the US tertiary institutions regarding finances.  The reason why interest rate is going up is because the US economy has improved and there is less need for cheap money to flow around.  Short term you would have to pay to borrow but long term, you make more profit.  Hence these fuckwits of the financial world, who are paid huge amount of money and determine how markets perform, only think short term.

The Saudis who are pumping oil out and sold cheaply to put US shale oil producers to bed are the energy fuckwits...

And the Turks are dealing with IS oil, sold into the black market.  Someone has to be buying IS oil... and Putin says he has evidence of Turks double dealing.  Turkish snakes in the world scene could be more lethal than Aussie snakes in the wild.