This sell-off has very little to do with oil and China, it’s mainly due to our clueless Fed Reserve and its self-serving agenda.
The pundits will all wring their hands and talk about China as the cause of our sell-off and then turn around and blame oil as another reason why our markets (and as a result, global markets) are absolutely getting taken apart.
However, the main reason is the foolish and self-serving move made by our Federal Reserve last month by raising rates and then continuing to yap off about 4 more rate hikes this year.
What is wrong with our Federal Reserve?
It needs to look at the economic data of late. It needs to look at inflation which is totally MIA. It needs to look at global economies seriously misfiring. It needs to look at unabated layoffs within Corporate America.
The pundits will all wring their hands and talk about China as the cause of our sell-off and then turn around and blame oil as another reason why our markets (and as a result, global markets) are absolutely getting taken apart.
However, the main reason is the foolish and self-serving move made by our Federal Reserve last month by raising rates and then continuing to yap off about 4 more rate hikes this year.
What is wrong with our Federal Reserve?
It needs to look at the economic data of late. It needs to look at inflation which is totally MIA. It needs to look at global economies seriously misfiring. It needs to look at unabated layoffs within Corporate America.
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