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A Fed in Denial 09-26-16

Wow, the last Fed meeting was one for the record books. Except I am sure the books will never record all that occurred behind the scenes. Still, we now see the clearest statement yet of the Fed’s failure to understand the underlying dynamics of the U.S. economy. Read more about A Fed in Denial 09-26-16

The Fed’s Leeway to Move Is Limited 09-16-2016

What should you be watching for over the next couple of weeks? Which economic decisions are likely to be most critical to the future of the stock and bond markets? Most observers, I would bet, would say the Fed decision this week and its statement or assessment on the overall economic outlook, which, in turn, will inform expectations about future rate decisions. Read more about The Fed’s Leeway to Move Is Limited 09-16-2016

The Fed Waffles Again 09-12-16

They saved the most revealing for last. Prior to today the preponderance of Fed member statements suggested a rate hike was imminent. Then along comes Lael Brainard. The hope was that the most dovish of the Fed governors would implicitly go along with most of the other comments; by that thinking, she would suggest that it was high time to get back to some sense of normalcy. Read more about The Fed Waffles Again 09-12-16

Negative Rates a Negative Force 09-06-16

The fighter with the glass jaw can persist indefinitely until he is hit. So it seems with the market; while economic vulnerabilities continue to mount, stocks are likely to hang in there until hit by a direct blow to the ever-fragile economic foundation. Read more about Negative Rates a Negative Force 09-06-16

The Fed Clueless 08-29-16

Friday was a very disappointing day. It was not so bad a day as to rank in history alongside the Lehman Brothers bankruptcy or Bear Sterns collapse, but it nevertheless punctuated the abject failure of anyone with any monetary power to come to grips with an economy unlike any previously witnessed. Read more about The Fed Clueless 08-29-16

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