So let me get this right:
- SP500 near an all-time high
- Unemployment remains under 4%
- Sticky CPI inflation remains steady above the Fed’s 2% target
But the bond market is screaming for a return to zero interest rates NOW or KA BOOM !
It makes perfect sense only if the financial market is not the economy and the economy is not the financial markets. And the financial system has become one gargantuan credit bubble ponzi scheme requiring ever-larger monetary stimulus to keep from imploding.
Otherwise, I have no idea.
So tell us Fed Chairman, with the financial markets on the verge of full melt-up based on the Fed’s money printing past and not the real economy, what are you going to do?
TSP & Vanguard Smart Investor for serious and reluctant investors.