In this week’s Off The Cuff podcast, Chris and Axel Merk discuss:
- Fire resilience
- The Fed has no clue how to get out of the box it’s in
- The Fed is only looking at the immediate term; it leaves tomorrow’s problems to tomorrow
- Why the best short-term policy is a good long-term policy
Last week saw another FOMC statement, which Fed-watcher Axel Merk returns to the program to de-code for us.
In short, the Fed is giving itself more leeway to deal with a problem it has no clue how to fix. It is simply playing for time, trying to reassure us in the meanwhile that it has everything under control.
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