DIVERGENCE DEAD?

It's difficult to admit you've been wrong. Most of us know that. Stubbornness is not the most admirable trait.

But it's even harder to admit error if you're a bunch of overpaid, much-in-the-media bureaucrats like members of the Fed's FOMC. But more and more with the global slowdown and an ever increasing U.S. dollar strength the divergence theme seems to be fading faster than a pleasant dream.

Divergence you will recall was ithe MSM mene that the U.S. economy would continue to show positive signs of growth while much of the rest of the world limped it way out of recession. Well, if the recent comments of New York Fed President Bill Dudley are meaningful, and apparently the futures market thinks so, the limping ain't over until it's over for the U.S.

Here's a read on his views zerohedge.com/news/2016-02-03/futures-jump-after-bill-dudley-hints-fed-relent-warns-significant-consequences