Wednesday, February 18, 2015
FOMC explains why it's the FOMC and the idiot talking heads on CNBC are the idiot talking heads on CNBC
Calculated Risk - FOMC says yes, they remember Trichet's fuckup. The minutes show that the FOMC realizes they should keep rates low until they actually see some inflation, to avoid the disastrous result that Trichet's rate hike had on Europe.
This means the FOMC are smarter than all the idiot talking heads on CNBC and all the ignorant blowhards with blogs on the internet and all the pompous clowns underperforming SPY with their shitty little hedge funds.
It'll be interesting to see if this is enough, over the next few days, to slay the deflation trade that's monopolizing the markets.
En passant, here's a pic of Mila Kunis and a kitten: