Moral: Wherein we wait and wait and ... (wait,
we wrote this last month)
So, guess what happened a month ago. Shock for some. There were snowflakes coming about mid-fall, way before winter set in. Things seem to have settled a little. Though, some group has 4M vote on-line to monkey with those who do the voting in the Electoral College. And, that's 12 days away.
So, who knows? Well, Janet ought to. The markets boomed. What gives there? Bubble? You bet. The whole apparatus is faulty. But, the Fed seems to want that.
Savers? We're still getting slapped silly. It's a wonder that we don't have concussion, by this time. But, we do have hard heads and well-tempered brains. Unlike those who are running after data-driven nonsense augmented by sophisticated computational systems.
The Vienna School still does not see any use for the quantification euphoria that we find here.
Remarks: Modified: 12/08/2016