And you thought they would raise rates!

So let’s get this straight. The economy is suppsedly fine but they cannot even raise rates from 0-1/4% to 1/4%?

For the 1000th time, we repeat…this maniacal, easy money Fed…will never raise rates. They believe they are heroes by keeping rates at zero when the only thing they are doing is distorting markets. They have been fabulous at creating asset bubbles which have all led to crashes. We do not know if the recent plunge in the markets is the start of another popping of the asset bubble but we are sure that eventually that day is coming. It always does.

As far as all the savers out there…the middle finger continues to be targeted right at you as all the riskless income money you should be making continues to be gifted to the banks and lenders.

As far as markets…DO NOT BLINK!

Mets still 7.5 up.