The Fed pretends to be in control of something that is beyond them. Pretending inflation is under control so that they can continue inflating. Well guys, thanks but I am cashing in my 2 week profit of 1.50% on your treasury debt and awaiting the pro-rated dividend.I have other vehicles for playing a would-be deflation impulse, but these creeps do not even care about keeping up appearances. The markets may do it for them however.
Treasury debt may indeed end up being a good near term play, but I feel less dirty now that I no longer own this garbage. Better to be patient and continue awaiting opportunities that policy makers are serving up to on a silver platter. And I don't mean burgers.
