The destructive force of over capital

To find examples of the strange situation in which the financial world, we must consider the departments of investment banks that help companies attract money, says Financial Times.

If you look to the left, we see megasdelki, huge mergers and acquisitions that require tens of billions of dollars made by the foundations of corporate empires.

If you look right, however, customers are mining and energy companies, desperate for capital to flow into holes in the ground dug up when the demand for raw materials seemed insatiable. The time of the boom or the end, depending on which section accept phone call.

In this environment, the Fed stepped in, raising US interest rates for the first time in almost a decade. This is not the beginning of tighter monetary policy - it happened in October 2014 when the central bank ended program to buy bonds. This is rather conventional first step, once for several years missed.

Still, compared with history from before the financial crisis or the rate of interest across the Atlantic imposed by the Bank of England raising short-term rates by less than half a percent still looks like a dramatic attempt to stimulate the economy.

Both worlds appear and when we follow the Fed's dual mandate in terms of jobs and prices. The US economy has added more than 200,000 positions per month in the last three years, and the unemployment rate has fallen by half over 10%, a level which was recorded only a few times in the last four decades, during the dotcom and housing bubble .

Meanwhile, expectations for US inflation - proposed a more limited experience of the bond markets were lower only in a nerve-wracking moments of 2009 Janet Yellen, the Fed chairman said that the pace of future increases in interest rates will be "gradual", but called. "Point plan" of forecasts committee members Fed shows four increases next year, which is a faster rate than market prices suggest.