this is the official signal.
the Fed will begin to ease at the next meeting.
"the Fed will begin to ease at the next meeting."
And the energy markets are just daring him to do so. Prices are up this week and will skyrocket if he does. FCB's that buy our paper will not allow him to cut.
We are in stagflation and the Fed must choose between rescuing the dollar or the economy.
It can't do both.
I am betting on continued debauchery of the dollar.
BUMP