from King World News
Today Peter Boockvar sent King World News a fantastic piece warning that Western central planners are now in deep trouble.
Peter Boockvar: Outside of another round of Pavlov’s (Yellen’s) panting dog (markets) getting more food, a few things were firmly established yesterday. Firstly, it really doesn’t matter what any regional Fed President says, especially those that don’t vote as Yellen is clearly the boss and what she wants is what she’ll get…
[…] Peter Boockvar continues: Secondly, instead of having the desire to refill the easing chamber to prepare for the inevitable downturn whenever that might come (maybe sooner rather than later with 1% average growth over the past two quarters?), the Fed’s ammunition will mostly be just waiting for the perfect economic world before raising interest rates again and until then, near zero rate policy and QE reinvestment will be the line of defense.