It's been said that "No decision is a decision."
That pretty much summarizes the Janet Yellen-led Federal Reserve Bank as talk picks up about a possible rate hike this month as those great economic soothsayers once again meet. In what has become the most anticipated rate hike in the long, inept history of this quasi-Federal institution the financial gossip and guessing continues. What's yours?
Somewhere it's been noted that when one starts with a false assumption or premise the conclusion is likely to be just as false. That fairly characterized the Fed and its policy makers. The false assumption is that these people have any clue about what they're doing and, accordingly, can do anything (something?) worthwhile to help the economy.
With little more than two months remaining for 2015, a rate increase now (though it could happen) is most unlikely given the history of this economic Federal foot-dragging group. When that first hike finally does hit the economic fan, expect a small hiccough and then more business as usual.
This is not another of those reputed "buy-the-dip times," but something quite different as in upgrade your portfolio for the long haul. In the meantime, stay calm, upgrade and let the rabble rabble on.
No comments:
Post a Comment