Here's an interesting "Talking Points" from Marc to Market. We take issue with some, like the statement "Plosser, Fischer and Bullard" don't represent the Majority of the FOMC.
That's precisely the point: They should be and that takes us to a second point. The Fed will wait too long to change it's forward guidance. Be that as it is, we like to read those who may hold different views from ours.
Despite all the babble about inflation being AWOL, the folks who go to the store every few days, the people who look at restaurant menus, who pay their electric, trash and water bills; those living on fixed incomes all know what inflation looks like. And it ain't below two percent.
And you could take all those phony, artificial indices the Fed and other central bankers use, load them on a big barge, float 'em out to sea, blow 'me up and nothing would be any different. Prices are still going up.
The recent temporary lull in gasoline prices notwithstanding, it's an electronic version of a computer game to keep the natives from getting too ISIS-like. Check China's recent ploy to promote interracial marriages between Muslims and non-Muslims.
http://www.marctomarket.com/2014/09/six-talking-points.
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