I did a quick TV hit earlier today with Matt Miller and Mark Crumpton on Bloomberg Markets.
How Badly Did the Global Selloff Damage Stocks?
Source: Bloomberg, August 27, 2016
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How the Markets Are Influencing the Fed
Source: Bloomberg, August 27, 2016
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The Economic Benefits of Lower Oil Prices
Source: Bloomberg, August 27, 2016
The Markets just executed a ‘cheap money tantrum’ to get their way: no September Fed rate hike.
This is ‘merica’ baby. We don’t catch flues from other countries, we only give them!!!!
Paper money is just another commodity. I think we are looking at secular low interest rates….Folks looking for a quarter point now won’t be happy till the 10 year is yielding 4%.
This kind of fits in with my theory that the Fed believes their purpose is to manage the stock market. Any actions that they take to stabilize the money supply or financial systems are pure coincidence.
Matt Miller’s point that Rand (Ron) Paul’s been wrong was instructive to people thinking about going anti-Fed. BR’s response was high road, could have gone for a dig but was pure analytic.
Great TV
The real problem with the Fed was when Nixon’s boy Burns and Reagan’s boy Greenspan tried to get the economy to grow faster than it is capable of.
The Federal Reserve works great with Democratic Party nominees
“The Federal Reserve works great with Democratic Party nominees”
Dems clean up the mess left by the Red Staters. And then the economy cooks!