- The Fed released long-awaited FOMC official statement
- Indicating they will be more patient without the word “patient” than when they were officially patient
- Why take the word away in the first place?
- The Fed wants to appear to be moving closer to a destination to which it has no intention of arriving
- The Fed is clearly more concerned about the economy today; they reduced growth estimates
- Janet Yellen said she will not raise rates until she sees improvement in the labor market
- The Fed not satisfied with 5-1/2% unemployment
- The jobs number is the outlier and will turn around
- Housing starts collapsed in February; biggest in 8 years
- Economic Surprise Index is most negative in memory
- It doesn’t matter what the unemployment rate is; the Fed can’t raise rates without creating a financial crisis worse than 2008
- The minute the Fed went down the path of QE, they sealed our fate
- There is now so much debt that we need QE more than ever
- The dollar had a huge rise in anticipation of rate hikes
- The Fed is more likely to launch QE4 than to raise interest rates
- The Fed is not going to raise interest rates until there is a currency crisis
- When the dollar turns, commodity prices will surge in all currencies
- The fact that the day of reckoning has been delayed with increased debt means a bigger payday for Euro Pacific Capital investment strategy
- It will be better to restructure and default on some of our debt that to deflate it away
- Understand the end game, ride it out and have the last laugh
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