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So, was today a case of good news being bad news or bad news being bad or good news being bad for previous good news or... Sometimes I get confused keeping track of reaction to FOMC words.
The loud mouth individual Fed governors will say something totally contrary in their lunch speeches in the next week or two and the markets go into whiplash.
We don't have to abolish the Fed but like the SC Justices we need to have a system where all Governors make their opinions available as majority and minority opinions on the same day, and keep their mouth shut between FOMC meetings. All they are doing is contributing to volatility that makes money for trading platforms while feeling important that they can move the markets.
Time to take the training wheels off... if individual & businesses haven't straighten out there fianances by now they never will... take some losses and move on.
Comments
The loud mouth individual Fed governors will say something totally contrary in their lunch speeches in the next week or two and the markets go into whiplash.
We don't have to abolish the Fed but like the SC Justices we need to have a system where all Governors make their opinions available as majority and minority opinions on the same day, and keep their mouth shut between FOMC meetings. All they are doing is contributing to volatility that makes money for trading platforms while feeling important that they can move the markets.
Regards,
Ted
Doctor Doctor Give Me The News: Robert Palmer:
Good News, Bad News: George Strait & Lee Ann Womack;
Nice Job FED...thanks!