The question is not so much whether the Fed should raise or lower interest rates. Although many like to exhaust themselves discussing the merits of this or that action, based on these or those data points. It's all a part of the show, the endlessly meaningless debate, the misdirection. It sells clicks and makes some feel important, and better than others.

The much more fundamental question is why the Fed and those in power are able to follow a policy pattern of allowing enormous financial asset bubbles to enrich the one percent and the professional class, and then correcting their distortions by inflicting austerity and job losses on the broader public?

And they have been doing this for thirty years now, shamelessly.

One can only wonder.

Stocks attempted to rally, reacted sluggishly to the actual 'hawkish pause' that almost everyone expected, and then were utterly hammered by Jay Powell's post decision press conference.

Gold and silver rallied, and then were smacked back down to unchanged, pretty much, into the close. 

The Dollar rallied back sharply after an initial decline.

Wash-rinse-repeat.

If you do not get these things you read here by now, I am not sure how much more I can tell you.

Have a pleasant evening.

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