gfp: You could see the reaction to Grandma Yellen today after 2 PM with a pretty nice rally in the precious metal miners. They opened weak, treaded water, then after 2 PM up, up they went. Nice move, over 3% almost across the board. A few more days like today and the Fed will order JP Morgan to short a few $Billion in gold futures at 4 AM....like they always do. Considering we're running almost a $700 Billion Dollar deficit this year, despite record tax collection by the Feds....and the next wave of the greater Recession hasn't even hit yet. The Dollar Index should be much lower than 93. Take away the Fed's manipulation and interest rates would have to rise just to attract enough buyers for US Treasury paper. And that would cause an even bigger spike in the deficit. Nationally we are screwed financially. The 1%, and the upper 1/3rd of the middle class might be doing OK. But the rest of the country is sinking into an opioid, legal marijuana, crystal meth and alcohol catatonia.
