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: āSeptember Rate Hike!ā
The Dow tumbles 300 points, Boston Fed President Eric Rosengren intones āa reasonable case can be madeā¦ā and internet rabble rouser Zero Hedge blasts āSeptember rate hike odds soaring!ā
Sheesh.
Youād wonder why.
I mean the economy is suddenly galloping so violently, that āreverse all enginesā is indicated?
Really?
Or maybe, they (the Fed) know somethingā¦
Whatever the case-
An increasingly tough world in which to seem sage.