Well, I don’t day trade…I simply invest in the market. As for the Fed., they engineered a soft landing of sorts that most experts believed was not possible. The predicted recession did not result from the higher interest rates and money tightening they orchestrated. Most economist declared victory, but I’m not inclined to declare a Fed victory or sustained soft landing until inflation is brought more under control, and a recession avoided. While the recession part has been avoided thus far, Consumer spending continues to exceed expectations, and the rate of inflation remains around 3.2%, well above the target rate of 2%. Cutting interest rates will only exacerbate the rate of inflation. I think this Fed has done a very good job thus far reigning in inflation that was in excess of 8% with all the damn Federal spending, while avoiding a recession, but the job is not yet complete.
As for Yellen’s China experience, this was covered by mainstream media…CNN and Washington Post, among others. She ate a “magic mushroom” as part of the meal served at a high end restaurant. If properly prepared, these have zero affects, and she and others in the party experienced zero affects.
DIP, we both love ND football, but we see poIlitics and world events through a different lens. And that’s OK. As a lifelong Republican, I no longer recognize my Party and have recently changed to independent. Republican leaders that I admire are now called RINOS. Happy to exchange thoughts and opinions off topic like the stock market, but these invariably carry political overtones, and wildly different views; and those views are better suited for political oriented blogs. I rather talk ND football.
