Mike Norman is currency trader and economist who is a proponent of Modern Monetary Theory (MMT). He writes a blog at www.mikenormaneconomics.blogspot.com.

Negative rates are a tax masquerading as stimulus.
We need to see what Congress does or doesn't do.
In the absence of an agreement to cut production, expect oil prices to fall.
It's very likely that we will see a broadening in the ongoing slowdown in the economic data, and that's not going to be welcomed.
There's no reason to expect anything different.
If they abstain, don't expect a hike until next year.
Slowdown in spending growth doesn't bode well for 2017.
Here's my strategy to trade gold over the next week or longer.
The rate of government spending growth is clearly slowing.
But most people don't realize a rate hike would be a money drop.

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