With grocery prices surging, amid the collapsing currency, the powers that be appear to have turned to their mainstream media puppets to initiate the 'mocking' propaganda of the banks against an increasingly fearful Canadian citizenry (especialy those under 35) who are hoarding cash.
"F'ed Up"
Fed vs Mawkets https://t.co/VRiEASX4y9
— Dick Darlington (@Darlington_Dick) January 27, 2016
After the Fed's statement, one thing was clear: the career economists at the Marriner Eccles building are very confused, admitting to hiking rates for the first time in nine years "even as economic growth slowed late last year".
Submitted by Tom McClellan via MCOscillator.com,
Fed officials and financial news reporters are collectively wondering why the economy seems to be slowing down, even though lower oil and gasoline prices ought to be a stimulative factor. If consumers are spending less of their money on gasoline, then they ought to have more to spend on other stuff, or so goes the reasoning. So why is it not working?
Well that escalated quickly...
Dow futures are down over 350 points from the 16,151 knee-jerk fed highs...