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).
- 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.