Well, here we go again. The Fed silliness. I'm typing this five minutes before the "announcement."
I already know what they're going to say. Basically:
- The economy stinks;
- Rates are staying at 0%
- We're going do our darnedest to make things prosperous again for you good people
There was a time I used to fear rate cuts. Since that is now impossible, I only fear what pandering pontifications emanate from the Fed. We shall see.
