Saw a comment on Twitter today. You can't slowly unwind a Ponzi.
While I think it wrong that the Fed rescued the banks and savaged savers it is what they do. It has been a couple of years since they started to unwind the great Ponzi and it is now getting to the interesting part. I think we will hear all about how attentive the Fed is to interest rate risks. I doubt we hear anything about liquidity and that is the cause. But I do think Steve Liesman will be gushing over how careful the Fed is being as a way of saying more rate increases are just great.
Larry Kudlow is such a great cheerleader because he is a true believer in Reaganomics and this is the second time around for that theory. I think the reality is he has the same credibility as Dennis Gartman.
Just wanted to say I have gotten my feet wet walking across the Wall Mart parking lot in Kona after a thunderstorm. I can not begin to imagine what it must be like today.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.