Brave New World

It’s hard to watch these Fed things anymore.  The FOMC knows all too well the damage it’s doing to market integrity.  But, it has no choice, given that higher interest rates or a serious correction would nuke the economy.  We, as a country with $17-18 trillion in debt (actually $60 trillion), can’t afford higher rates.  … continue reading →

Charts I’m Watching: Jun 18, 2014

Fed announcements and press conference today, so the market should bounce higher afterward regardless of the results.  Remember, it’s the illusion that’s important — that whatever they announce is great news.  Doubters, check the market’s reaction on Dec 18 to Yellen’s confirmation that the Fed would, indeed, taper. Speaking of illusions, the BOJ pulled a … continue reading →