Roger Arnold is the chief economist for ALM Advisors, a Pasadena, Calif.-based money management firm specializing in income-generating portfolios. Concurrent with his other business responsibilities, Arnold was a radio talk show host for 15 years. He focuses on behavioral economics and chaos theory, better known as the "butterfly effect." He explains the relationships between political, economic and social systems, and how they are all reflected in the financial markets -- stocks, bonds, commodities, currencies and real estate.

It has the largest workforce of major banks.
Lack of fresh water is a more pressing problem than acknowledged.
Fed can only estimate it; raising rates becomes problematic.
The Fed risks blowing up an asset bubble.
The Fed statement contains one huge change. 
Their monetary policy looks like it's being set by machines.
It seems to be dismissing economic data and I don't know why.
First-quarter GDP may have an impact.
The Fed has provided a narrative path from the beginnings of QE.
The country is desperate to attract foreign capital

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