Thursday, September 17, 2015

Federal Reserve

Fed moves the goal posts, then uses that to justify not raising rates.

More.
"When the whole world waits with bated breath for the economic pronouncements of 10 people sitting in one room, we might call that central planning. We might accurately call those 10 people elites, since the shoe fits. And when those elites effectively determine the cost of borrowing money across whole economies, we might call that price fixing."
All that.

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