Authored by Mark St. Cyr,
Depending on how one looks at it September 17th seems both as far in the rear-view mirror as a distant memory, and yet, almost as if it were just yesterday. I believe part of the reason is the fact no one has been able to stop thinking about it in one form or another. For those of you who don’t await with bated breath for the world’s equivalent of monetary dictates, September 17th was the date The Federal Reserve punted on raising interest rates stating reasons that still have many scratching their heads.
However, as of today, by all indications put forth via a myriad of so-called ‘in-the-know’ types. This time they’re really, really, really, no fingers crossed, and Scouts honor going to ‘just do it.’ Unless you listen to Fed officials themselves. For if you have, ‘just doing it’ may indeed turn out to be: can’t bring themselves to do just about anything except to wait on doing – it. Welcome to monetary policy 21st century style. Where the meaning of ‘it’ can be just as tricky to identify as what ‘is,’ is.
Maybe you think I’m just trying to make a play-on-words type argument. Let me assure you I’m not, for I’m not that good. You can’t make this stuff up. This monetary gibberish writes itself (actually it’s spoken by Fed. officials first) which is why it’s both so laughable, as well as dangerous at the same time.
This post was published at Zero Hedge on 11/29/2015 –.
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