‘Simply Wait Until Something Goes Wrong’

On Thursday, in "Fade The Fed," I suggested it might be time to... well, time to fade the Fed. I offered some intelligent-sounding commentary, but the basic premise was straightforward: Too often, the Fed's wrong about the economy and, therefore, about where Fed funds will ultimately end up. So, the Fed can be a contrarian indicator vis-à-vis the Fed. I sympathize: Up until about seven years ago, I was likewise a contrarian indicator vis-à-vis myself. Being habitually wrong about your own m