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Trader: Is Yellen Trying To Drive Up Ticket Prices For Jackson Hole?!
Ok, well Richard Breslow is still shouting about why the Fed should do something everyone knows the won't do this week.
If you missed this a couple of days ago, you can read it here.
Monday's missive from the former FX trader is dripping with Breslow-vian disdain, but today it's aimed not so much at you, but at the Fed and, secondarily, at the White House.
As we wrote earlier today and last week, the Fed is now stuck in a situation where it's clear that fiscal policy isn't prepared to take th
Good article. IMO, the Central Banks created bubble 5 to 10 times the size of the 2008 bubble, to fight the 2008 bubble…….what rational person would do that?
It really doesn’t matter what the FED does at this point……autos, housing and consumer spending are all starting to roll over, the recovery is already 8+ years old, asset prices are at ridiculous levels, and the economy has been fundamentally weak for most of the recovery.
We won’t get an inverted yield curve prior to recession, this time.