It's a holiday weekend. But, a new month.
Last week, Janet talked to Congress. The usual dancing about with words. Then, last Thursday, the Brits voted for Brit-exit. That is, they told the bureaucrats of the EU that they're tired of carrying the ball. And, that they, the Brits, would be better on their own.
So, on Friday, the gaming system fell. You see, addicts ran amok. Then, too, Monday. What is new about that? Janet? She was heard murmuring that she may have to take back the rate raise that she did earlier. Earlier? Let's say last year. This year, she had dawdled.
We only do it on holidays.
Guess what? Now, we are back to the same inflated state of the gambling system. To a rational FED, that would say, it's time to put the rates to something realistic.
When might the FED awaken? So, is the FED really tied into feeding the addicts? If so, when would we ever have a mature economy?
Meanwhile, savers are still being flayed as we have been for almost a decade. Thank you, FED.
Remarks: Modified: 07/01/2016