The Phaserl


Countdown to Panic

by Andy Hoffman,

I’m still steamed about the blatancy of this morning’s Cartel attack; not only on “FOMC Minutes Day,” but as the White House announces “uber-dove” Janet Yellen will likely be running the Federal Reserve.  In fact, just as I’m writing at EXACTLY 10:00 AM EST – i.e, “Key Attack Time #1”; this is what they just did, with the Dow sitting at the same unchanged level it’s been at all morning – and the following headline coming across the tape; “Fed’s Evans says current situation in the U.S, with high jobless rate and low inflation, calls for accommodative policies.”  And FYI, for those that still believe there’s a chance in hell of a “tapering” announcement at the October 29th FOMC meeting, recall that the Fed now considers this decision “data dependent”; with absolutely ZERO data being published due to the government “shutdown”…

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