Today, on Wednesday June 15th, the Fed made its latest 'non-decision' and did not raise interest rates. The stock market first rose but then tumbled, likely indicating that the Fed's magic is all used up. As we all know, that’s about the only thing that’s been keeping the stock market levitated of late.
I’m on record as saying that not only would the Fed not raise rates this meeting, but that their next move, when it arrives, will be to lower rates; not raise them.
Got that? Down; not up.
from Peak Prosperity http://ift.tt/1W0f3bg
