Free Speech and Free Markets

Posted: March 18, 2015 in Economics, Geo Politics, Statistics
Tags: , ,

Freedom is indeed a misunderstood construct

Freedom is in the hands of the beholder (who has the power)

Consider this from MoneyWeek, regarding the upcoming meeting of the Federal Reserve to decide the direction of interest rates. Other parts of the ‘Free World’ also experience similar detailed focus of their communications…

And, perhaps more to the point, the Fed is meeting tonight, and everyone is worried that it’s getting closer to raising interest rates. It’s not that rates will rise tonight. It’s just that Wall Street expects the Fed will remove the word “patient” from its communication.

By the mysterious osmosis through which markets absorb information, that apparently means that the Fed will probably raise rates in June (September at the latest).

As I’ve said countless times in the past, it’s somewhat pathetic that the words of one individual sitting in a meeting room somewhere in the US can upset our ostensibly free markets more than any amount of economic data.

But there you go.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s