The FED did what most knowledgeable people expected – NOTHING. They have painted themselves into a corner and have little that they can do about it – except talk. And talk is all that they did. Our economy limps along on a wing and a prayer and everyone hangs on the words of the FED – like they know what they are doing.

I am not a noted economist – I am just a little nobody. But even I know that the FED is not the answer – the FED is part of the problem. I can see that – why the hell can’t they see it. Job security and ego come to mind – there are other possibilities, but I don’t want to be too harsh and call anyone a dummy without sufficient proof. Some might say that the FED’s record of predicting economic activity accurately provides such proof.

So the currency markets traded up and down and the stock market swooned a bit. Monday may bring more of the same – or we may return to our euphoric state of “life is good” and things start going up again. Of course they will only go up again until the next wakeup call sends investors scurrying for safety.

One of the places FOREX investors seem to think is safe these days is the Japanese yen. We live in a very strange world.

And Donald Trump was in town this past week. He wants to make America great again. I’ll go along with that – sounds good to me. However, with our national debt going through the rook and into the stratosphere, and the value of our dollar in the cellar and looking for the drain, I personally think that our greatest need is for someone to save our financial ass. After that, making America great again makes a lot more sense to me.

Yes, my friends, we live in a strange – and scary – world.

But what the hell – we have survived almost 7 years of economic mishandling, political idiocy, diplomatic ineptness and military blundering. America must be invincible.

We may not be invincible – but so far we’ve been hard to kill – but the scars of battle keep piling up. One of these days the bell is going to ring for the next round, and Uncle Sam is not be able to get off the stool. When is that gonna happen. I do not know – but it is probably going to be sooner that many think.

Monday starts another week – and another chance to make hay while the sun shines. Let’s hope we can harvest enough hay for the coming winter – from where I sit it looks like it’s gonna be a rough one.

 

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