from King World News
With most of the financial world focused on the Fed Meeting, this is what is really happening and it isn’t good.
Attention All “V” People
June 9 (King World News) – Jeff Snider at Alhambra Partners: Around the same time Lehman Brothers and AIG became headline news in the middle of September 2008, none of the mainstream econometric models thought it was possible for the US economy to suffer so severe a shock that it would induce monetary policymakers to unleash ZIRP. Worse, the models all predicted that it would be impossible for anything to force the Fed down to zero and keep the central bank there for two years.