Irrational exuberance II: Why the Fed shouldn’t raise rates now

GUEST: The Fed has all but promised to increase rates at the March meeting, and if it does, there will likely be adverse repercussions. The Yellen Fed is on the precipice of making the same mistake the Greenspan Fed did when it tried to control capital market prices by increasing rates. Greenspan had the dot-com bubble of the ’90s that he wanted to address. Remember when eyeballs on websites were more important than corporate earnings, and companies changed their name to whatever.com just