Here Comes The Big Flush – Recession Pending, Fed “Put” Ending…” the Fed has painted itself into a deathly corner and is utterly out of dry powder.”
by David Stockman via Contra Corner blog,
ZeroHedge.com
03/16/2016
If it sounds like history repeating itself, it most surely is. The coming recession will again obliterate the sell side hockey sticks, which this time started last spring at $135 per share for 2016 and are already being reduced at a lickety-split rate not seen since the fall of 2008. But this time there is one thing that decisively different, and it will make all the difference in the world. As will be reinforced once again by the post-meeting contretemps on Wednesday, the Fed has painted itself into a deathly corner and is utterly out of dry powder. It has nothing left but to hint at the prospect of negative interest rates. And that will be usher in its thundering demise.
The Rest…HERE
