Fed Day

Another Fed meeting, another obfuscated press release that says nothing is changing. Waiting for more data, basically. Despite the fact that research shows that said real-time data is essentially information-free. While the economy is, at best, marking time, the bubble keeps growing and growing (JAWS music swells in the background).

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: