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Doug Noland’s Credit Bubble Bulletin: Party Crashing
wallstreetexaminer.com / by Doug Noland •
This is a syndicated repost courtesy of Credit Bubble Bulletin. To view original, click here.
October 2 – Reuters (Ann Saphir): “Letting the U.S. economy run at ‘high-pressure’ for a while by keeping interest rates relatively low will help push inflation back up to the Federal Reserve’s 2% goal faster, a top Fed official said… But the Fed probably needs to raise rates this year to begin to slow the economy before it develops risky financial imbalances, San Francisco Fed President John Williams told reporters… ‘It’s okay to have the party. It’s okay to get the party going — but we just don’t want it to go too far,’ he said. If it were not for the global slowdown, the U.S. economy would be growing much faster, he added.”
This week provided further evidence that the bursting global Bubble has progressed to a critical juncture, afflicting Core markets and economies. Ominously, few seem aware of the profound ramifications – or even the unfolding hostile market backdrop. Even many of the most sophisticated market operators have been caught off guard. There is, as well, scant indication that Federal Reserve officials appreciate what’s unfolding.
The post Doug Noland’s Credit Bubble Bulletin: Party Crashing appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/03/doug-nolands-credit-bubble-bulletin-party-crashing/
