Interest Rates Will Rise Before the Fed Funds Rate Rises….

"Good read here from Learnbonds on the likelihood of a substantial jump in interest rates well before the Fed raises rates. This is important for understanding investor psychology and how you have to approach the market like a chess player.  That is, you have to anticipate the many variables that go into cause and effect and then anticipate how the market might respond to various actions.  The more moves you can think ahead the better off you are..."

at http://pragcap.com/interest-rates-will-rise-before-the-fed-funds-rate-rises