So what is new. Nothing. The same people who are allowing the economic world to go into the tank are scared enough to indicate that they might do more of something that didn’t work before.
All this happy talk should and is providing us a wild trading environment. The S&P under the 1850 swing point was a short-term trading range buy this week and the 1890 to 1920 area should be a good selling area.
Janet Yellen is back to talking about inequality, that is good but the only real answers are on the fiscal side. A raise of the capital gains tax rate and a lowering of corporate tax rates with a net gain of government revenue on a ratio of 2:1, old revenue versus new revenue would be the quickest and cleanest way to get the job done.