Time to Consider More Gold and Silver Following the Latest Fiat Crash?
TheDailyBell.com
September 10, 2016
Those figuring that the Fed still might hike rates in September are getting one more bite at the apple. As the week drew to a close and the Fed’s “quiet period” before meetings was about to settle in, investors recoiled over news that the central bank’s most dovish official, Governor Lael Brainard, will be delivering a previously unannounced speech Monday at The Chicago Council on Global Affairs. -CNBC
The Federal Reserve’s ongoing policy failures once again wrecked markets on Friday.
Just a hint that the Fed might raise at its next formal meeting caused reverberations around the world and dropped averages in numerous markets.
More:
The S&P 500 was down more than 1 percent Friday afternoon, on track to close with its biggest percentage move since July 8.
Indeed, the guessing game over whether the Fed might enact its first rate rise since December and only its second tightening in more than a decade has set off a fever pitch of horse trading. At one point Friday morning, markets put the chance of a hike later this month as high as 30 percent before backing off.
Bad enough that speculation over the moves of a tiny group of pampered economic bureaucrats can cause such havoc. Even worse is that the Federal Reserve cannot justify any sort hike.
The Rest…HERE
