The Bernanke Curse
As the markets twiddle around waiting the 7 trading days until the FED provides their next story, one has to look back at how we got here.
It all started with the belief that smart PHD’s could run the economy better than a free market that does its own balancing act between supply and demand.
We will talk about the pieces of the puzzle in our later posts this week.
In the meantime, the Powell Fed is still trying to force Fed Fund rates higher but is not having much success getting market rates to follow.