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Your humble correspondent could use a break.
I no sooner get done blogging on the (non) likelihood of a pre-election rate hike, when the universe begins to shriek: ā€˜September Rate Hike!’
The Dow tumbles 300 points, Boston Fed President Eric Rosengren intones ā€˜a reasonable case can be made…’ and internet rabble rouser Zero Hedge blasts ā€˜September rate hike odds soaring!’
Sheesh.
You’d wonder why.
I mean the economy is suddenly galloping so violently, that ā€˜reverse all engines’ is indicated?
Really?
Or maybe, they (the Fed) know something…
Whatever the case-
An increasingly tough world in which to seem sage.