In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:
- Implications Of The Recent Fed Minutes
- Per usual, good for stocks/bad for gold
- The Dying Middle Class
- Sucked dry by central planning policy
- The Dirty Trick Of Politics
- Both parties are worth throwing out
- Jackass Leadership
- In the Fed, on the Hill, in the White House…
This far into the experiment of central planning-driven intervention into markets, it's clear that the risks have been distorted so much higher than if the market had been allowed to freely run its course.
And this far into the current presidential cycle, it's clear that neither party has any clue or fresh ideas (or even awareness) regarding the predicaments our society faces that truly matter.
As Mish eloquently put it in this podcast:
Now it is not that I am opposed to hikes per se, but I don’t believe the Fed should be involved at all. The market ought to set the interest.
I have no idea what price discovery there actually would be, because we have none. We don’t know what interest rates should actually be set at. The Fed has so distorted the markets here. We absolutely can’t say. Because of all of this manipulation, were we to just unleash the free market right now I don’t know what the rate would be.
by kennethpollinger