Incompetent But Not Weak: “The Fed Doesn’t Know Whether To Shit Or Go Blind”
by Tyler Durden
ZeroHedge.com
Sep 10, 2016
The outlook for the US economy is deteriorating, yet the Fed is trying to raise overnight rates to keep unseen inflation from rising. Success in its strategy could force consumption lower, unemployment higher, and exacerbate real output contraction. The market, however, should not underestimate the Fed’s power based on its apparent incompetence.
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