The financial world would prefer to remain in fetal curl, but events intrude

  • The big deal next Wednesday: Fed hints at the future pace of tightening.
  • In this recovery (not worthy of the name), we’re not creating credit as it is.
  • Post-bubble, heaven help the self-employed, to include incentive or commission or variable income.

The entire financial world would prefer to remain in fetal curl until the Fed acts next Wednesday, but events intrude. Oil prices falling into the $30s presage even less inflation (Fed oblivious), and create unrest in the stock market (and producer nations).