Yellen's latest testimony indicates the question is still very much in flux.
Meanwhile, we're seeing the stagflation I predicted.
Some credit spreads have gotten weaker.
The Fed had to allow the level of reserves to rise to sustain its policy rate, which is at 75 basis points.
A shake-up is badly needed at the organic grocer, and fast.
The economic conditions aren't right for this to be happening.
I think what Trump has really done is make it so the regulators lighten up.
Trump has some execs over, which makes the market happy.
The market is probably underestimating the odds of an FOMC move next month.
This setup is tailor made for higher stock prices, but the White House volatility remains.


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