Fri, 26 August 2016
I knew Jackson Hole was going to be a goat rope, but if you listen to the talking heads on the financial networks today, you're amazed they can keep anything strait.
The Fed is again signaling it's leaning toward a rate hike. "Leaning" is the optimal word. What exactly does that mean? In a word, nothing. We don't know if she's saying it in an attempt to boost confidence or because she's looking to give the Fed some breathing room before the next downturn.
One thing I'm sure of, she's not looking to raise rates because the economy is heating up. All indications show inflation is near zero and GDP has been revised down again this month.
We'll talk about all the latest financial new PLUS...I answer a listeners critique of me!
Great way to end the week,