Sufficiently Philanga....thropic wrote: These fed mandarins just can't get the hang of it,can they? From extremely hawkish to dovish in a record three months! What changed to necessitate a policy shift? Clearly they are out of their depth here.
Apparently soaring debt/ebitda was one of the basis for hiking rates. Which begs the question, why create a problem and then act as a catalyst to exacerbate the consequences?
Policy errors will not be kind to the already wobbling global economy. I am looking forward to the dollar decoupling from the fed chosen course of action in the medium term.
NIRP is beckoning.
The main purpose of the stock market is to make fools of as many people as possible.