COMMENT:
Martin,
I just read your post “Does China’s Devaluation Reduce the Odds of the Fed Raising Rates?”.
The line towards the end “The Fed is being pressured by the IMF and other nations not to raise rates because of external economic conditions” brings to mind the early chapters of “The World’s Greatest Bull Market” where Europe convinced the Fed branches to sacrifice domestic policy for European interests, lowering rates to make money cheap for Europe.
Seems like it didn’t end well then, either.
Have a good day, and keep up the good work.
-DB
REPLY: Yes, indeed. You predict the future by looking at what was done before. We are like a mouse in a maze who cannot figure a new way out.
