90-Day Nightmare

Last week, we groaned when the FOMC again failed to raise the Fed Funds rate. Why? Because we knew this meant 90 more days of seemingly endless Fed Goon jawboning. And now look what we have. It matters little what the Fed did last week. Apparently, all the matters is what the Fed might do in December. Just another chapter in the ridiculous con and scam of The Bullion Bank Paper Derivative Pricing Scheme.

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