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Dear Janet, Explain This!
Having been unable – or unwilling – to answer various reporters' questions with regard the 'odd' timing of The Fed's rate hike yesterday, we thought we would offer just one more chart to question the credibility of the central planners. Plucked from The Fed's own research, last week saw the largest surge in St.Louis Fed's Financial Stress Index (FSI) since August… and as Yellen proclaimed “all clear” the FSI was screaming “Danger” even louder than it did in September – when The Fed folded.
So, Financial Stress was surging and higher than in September when you folded… WTF Janet?
Financial market stress rose sharply in the latest reporting week. For the week ending Dec. 11, the St. Louis Fed Financial Stress Index (STLFSI) measured -0.691, up from the prior week’s revised value of -0.835. Last week’s increase was the fifth in the past six weeks and the largest since the week ending Aug. 28, 2015.
So, Janet, explain that!!
Source: http://silveristhenew.com/2015/12/17/dear-janet-explain-this/
