The Fed Isn’t Just Divided, It’s Shattered, And It’s Become The Enemy Of Investors
Sep. 15, 2010
Usually it’s simple: Sometimes the Fed is your friend (when it’s loosening) and sometimes the Fed is your enemy (when it’s tightening).
Right now we’re not really in either mode, and answering this question is a little more complicated than normal.
But the Fed is your enemy now, not because it’s tightening, but because everytime it’s in the news it causes a loss of confidence, by virtue of the fact that it’s hand seems so unsteady. It’s not just divided between the doves and the hawks.
It’s downright splintered.