November marks month #95 of the Fed's ZIRP regime. That is, during only one of its 63 meetings since December 2008 has our monetary politburo permitted the Federal funds rates to rise by even 25 basis points. So after dithering once again with its boot heel planted hard upon the neck of the money market, we have a question for the FOMC. Exactly what hobgoblins and menacing economic threats did it identify to justify continuation of its ultra-emergency interest rate policy at Wednesday's meeting?
Eight Clowns Jabbering---But Next Time Please Spare Us The Pecksniffery
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.