Markets & Economy

There are hints that the next interest rate move will be down

Lou Barnes on Sepp Blatter, Richard Fuld and Janet Yellen

Last week marked another week of quiet waiting for big data this week (not techies spying, just the monthly jobs report). I am not a betting man, but I do occasionally guess: There are hints that the next interest rate move will be down. First, head-shaking news of humanity. While working out, I mumbled near a young trainer, “The quality of a civilization depends on the extent of corruption.” After “Huh?” he asked for more. FIFA this week has been exposed as utterly corrupt, yet member nations on Friday re-elected silly-putty Sepp Blatter to a fifth term as its president. Yesterday, crawling from under his rock for the first time since 2008, Richard S. Fuld, chairman of Lehman upon its collapse, gave a speech now viral on YouTube. His one-liners opened a window to a mind possibly too incompetent to be corrupt. “Lehman Brothers at the point of 2008 was not a bankrupt company.” All through 2008, Fuld had been a Wall Street laughingstock trying to sell Lehman as it imp...