Friday, December 4, 2020

Tag: Don’t Be Fooled – The Federal Reserve Will Continue Rate Hikes Despite Crisis

Don’t Be Fooled – The Federal Reserve Will Continue Rate Hikes Despite Crisis

by Brandon Smith, Alt Market:
Though stock markets in general are meaningless and indicate nothing in terms of the health of the economy they still function as a form of hypnosis, or a kind of Pavlovian mechanism; a tool that central bankers can use to keep a population servile and salivating at the ring of a bell. As I have mentioned in the past, the only two elements of the economy that the average person pays attention to in the slightest are the unemployment rate and the Dow. As long as the first is down and the second is up, they aren’t going to take a second look at the health of our financial system.