*GINSENGTRADER,
As of now the market needs to blatantly tell the Federal Reserve to stop hiking at a "measured pace," It sounds to me that 4% is inevitable. And, that's next, so I would doubt a Fed pause, the marketplace is still very complacent. Also, the Federal Reserve language used even still appears to be the same. I've come to the conclusion that the Federal Reserve pausing or lowering interest rates would collapse the U.S. dollar at this stage in the game, each time a weather tragedy such as Hurricane Katrina and now Hurricane Rita occurs, it gives the government the excuse to create more money into the bottomless pit of ongoing paper debt backed by confidence in our fiscal system and government. Thus, the Federal Reserve & Government are essentially in a battle that will destroy the true value of the U.S. dollar and as wage growth remains stagnant and even sinks, the value of the dollar is where the real hurt will be felt. Pause, hike, or fall, this debt limit in the past relative to GDP has crippled countries, is it insurmountable? Only the money-makers on Capital Hill & in the central banks can tell you that!
HI-HO SILVER !!!