Even if the Fed were to change course at this point, it won’t make much difference. Sure, investors would belly up to the bar for another round of cheap credit, but what comes after will be worse.
Until now, I’ve read no one agreeing with my views about Powell’s labor blindspot being a source of peril for all of us, which could prove to be the biggest Fed error in history.
The charts all look bad … REAL BAD! First, let’s look at the Dow, which I noted earlier was the only major index that had pulled out of its bear channel, but it had topped out..
Not only has China outspent the U.S. and led the world on infrastructure investments, it has also worked relentlessly over the past decade to lock up the world’s metals...
