Janet Yellen's 15 minutes of glory, praised for increasing the interest rate by 25 basis points (1/4 of 1 per cent). The Fed is utterly ignorant and mindless. They truly have no idea what they're doing. Which isn't surprising because nothing they do works anyway! CISA (a kind of second Patriot Act) last week was pushed through as part of an unrelated bill so that nobody would notice and submit it for discussion. The rise in asset prices = debt accumulation, nothing more, nothing less. Toxic influences behind our decision-making. Some interesting experiments. Americans are destroying themselves with the help of politicians. The Services PMI index is falling sharply, a terrible omen for a country reliant for its growth on the service industry. Quick comment on unemployment. The tradition of American brutality goes back to at least 1636, at least as gross as that of ISIS. IMF breaks its rules to favor Ukraine against Russia. A first for the IMF. Manufacturing continues to collapse. The story of a police chief drunk on the job... exonerated after a hit-and-run collision.
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