by John Rubino, Dollar Collapse:
The Fed tightens and stocks tank. The Fed promises to stop tightening and stocks soar. The Fed implies that it might actually cut rates and stocks soar some more. The Fed appears to take back the rate cut promise and the markets turn choppy.
It’s been a wild ride. But during the past four months of it, the Fed has yet to actually do anything other than talk.
Meanwhile, contradictory signals from the economy threaten to keep the Fed paralyzed. Consider: