Easy Money Does Not Create Bubbles So Don't Fear The Rate Hike: MKM

It is a recession that comes from central bankers tightening too much that causes a “big plunge,” not the initial Fed tightening itself, proclaims market research from MKM Partners Chief Economist and Market Strategist Michale Darda.   Market value adjustments occur as a result of recession, not a rate hike, says analyst It’s not Fed tightening or rate hikes to fear, he writes in a June 9 research piece.  “The big plunge almost always comes during recessions, which in almost every instance was triggered by a Fed that went too far with tightening, precipitating a downturn and thus a bear market.”…