The Fed’s Own “Minutes” Threaten to Destroy It

by Andrew Hoffman
Miles Franklin

It’s Wednesday morning – and my head is not only spinning from the swarming, worldwide tsunami of “PM bullish, everything-else-bearish” news; but the most egregious – and ultimately, self-defeating – market manipulation of all time.

As for said “news,” just how much uglier can it get? Between exploding rent, healthcare, and now gasoline prices (despite some of the ugliest energy supply/demand fundamentals imaginable); collapsing economic data (Target joined the ranks of retailers reporting abysmal earnings, and an even weaker outlook); and a renewed plunge in nearly all commodities (except “oil PPT” supported crude); currencies; and even stock markets (particularly China); it couldn’t be clearer that if the “Big One” isn’t already upon us, it’s arrival has never been closer.

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