Seoul - The tape looks calm. That sentence is doing a lot of unearned work. Nasdaq has already made a high after the Federal Reserve raised rates. The VIX is in the mid-teens. The line in the chat is that nobody is afraid. Fear & Greed has been in fear for two weeks. The 10-year … Continue reading BTFD? The Dip Is Not a Discount

Vancouver - The Federal Reserve is expected to raise interest rates this week. It will not do so because the American economy has suddenly overheated, nor a quarter-point move will produce a barrel of oil. It will do so because Chair Kevin Warsh made 2% a test of the new central bank, declined to move … Continue reading Fed Rate Hike Risks Household Economy