The suspense builds as Jerome Powell presides over a panel of foremost economic geniuses, people who know much more than you or I about how to relieve or increase pressure on a Keynesian debt economy as needed. People who know how to set it just right, much like Goldilocks’ porridge. People who either do not know or do not care that the system they regulate has slowly but surely compromised the low and middle classes and fabulously enriched the asset owner classes as a matter of ongoing and systematic policy over the decades.
It’s why I have to laugh when I see groups of political clowns (with a few exceptions I find worth listening to) arguing about political fixes to non-political damage done by the apolitical entity known as your Federal Reserve. It’s asset owners über alles. No need for saving; that’s not what this mess is built on.
A US rate cut is coming in this round of the global currency war and to boot, a couple more % of the CME wise guys are voting for a .5% cut than last time we looked. The suspense is killing me. How about you?
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