Praying to the God of ‘Global Growth’

By |2014-09-12T16:44:27-04:00September 12th, 2014|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Part of the tale being spun perpetually about the economy, any economy in this day and age, relies on nothing more than circularism. Because monetary policy is so captured by managing expectations, meaning that economists and policymakers will never be anything but positive about anything ever again, you end up with nonsense as a foundation for prediction. That might pass [...]