The Fed’s Latest Economic Weather Report—More Clueless Humbug

The usual suspects are flyspecking the Fed’s June minutes for hints as to what this camarilla of madmen, dolts and dunderheads may do next, but that rather misses the point. The real takeaway is that the Fed amounts to an exceedingly dangerous committee of dilettantes, who have absolutely no clue about what they are doing. […]
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