Tetons weep

Moral: Wherein the Tetons reign, as Janet ponders further ways to skin savers.

That is, those wonderful peaks that overlooked Janet and her buddies.

This time around, we understand that she had someone talk about negative interest rates. So, let's see. The Kings used to tax. Our first protestation about that was early as the 1680s. That's right.

So, the Queen of the Fed wants to tax us. By having negative rates.

Given this situation, business can get money from us and pay us less than we gave them. Oh yes. That is smart for people trying to save for their futures.

Then, given their take from the largess of the Fed, what, pray tell, do the business people do? Sit on it, buy equity, pay dividends, and such. Pay bonuses.

Ah, I have said that savers have been flayed to within an inch of their lives. We must have more than the nine lives of the cat. We'll survive.

Thanks brains. The Tetons weep for its people.

Remarks: Modified: 09/11/2016

09/09/2016 -- On Friday, did we see the start of a tantrum? Ben started one with his taper talk.