Thursday, September 22, 2016

US Economy Continues to Weaken - Is Anyone Listening?

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If the Fed raises rates in the face of economic weakness while citing the opposite, they'll certainly sacrifice their credibility among a majority that sees it as the maestro of international and domestic markets and economies.  Ha! Smart money already knows that the Fed, a limited player in the game of global capital flows, defers control to the invisible hand. The only real question is what does the Fed believe? Ego, the destroyer of investors, traders, and institutions, has brought down central banks in the past. Why would modern central banks be any different?

Headline: Chicago Fed National Activity Index (CFNAI)

The Chicago Fed National Activity Index (CFNAI) was −0.55 in August, down from +0.24 in July.


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