The market is crashing again today, and the Fed, along with China, Iran and the Saudis, is being blamed for not doing enough, raising rates too soon. My alternate theory on that: if Yellen and company knew the economy was about to crash, they'd rather
have people complain the Fed didn't do enough than it did too much.
Being accused of doing to much could ruin its credibility.
Apple shares crash on planned cuts of iPhone production. Who would have predicted that? Oh, wait. It was me.
Thursday, January 07, 2016
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