Thursday, 22 March 2018

Powell's 1st FOMC....................from Rico

This was Fed Chairman Powell's first FOMC.
- BFD.
 
If you want to 'understand' in terms so simple a "progressive" Democrat can understand it, just go to Dairy Queen today and try and buy something for 16-cents.
- I double-dog dare you.
 
For the rest of us, it's worth considering that the DOW was at 1,000 in 1982...and it's in the vicinity of +24,000 today.
- If you understand that it is the Dollar that has sunk in value, not the DOW that has risen in value, then like me you are amazed that anyone anywhere gives them one iota of credibility. You may also recall thet THE best-performing equity market in the 20th Century was Zimbabwe's.

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