Submitted by Ben Hunt via Salient Partners' Epsilon Theory blog,
Can everyone saying “a 25 bps rate hike doesn’t change anything” or “manufacturing is a small part of the US economy today, so the ISM number doesn’t mean much” or “trade with China is only a few percent of US GDP, so their currency devaluation isn’t important” just stop?
Seriously. Can you just stop?
As regular readers are no doubt aware, the US has done a lot of really silly things over the course of the last four or so years in Syria.
The start of the Fed's most eagerly awaited two-day policy meeting in years has finally arrived with the market expecting Yellen to announce the first 25 bps rate hike in 9 years tomorrow with nearly 80% probability, and so far US equity futures are enjoying a last minute relief rally, while emerging market stocks rose for the first day in ten after the longest losing run since June. Europe's Stoxx 600 Index has also rebounded from a five-day losing streak, the worst in over four months.
Big Banks Caught Using Credit Default Swaps To Destroy Nations
Written by Jeff Nielson (CLICK FOR ORIGINAL)
Earlier this year, quite a few members of the American electorate were distressed to learn that the Clinton Foundation had apparently suffered what we called a “Geithner Moment.”