Intervention Featured

By Ted Craig July 23, 2019 1144

If you watch shows like “Intervention” or “Dr. Phil,” you will have heard a mental health professional tell an addict’s’ parents that the addict needs consequences and they have to stop enabling him or her. Somebody needs to sit down with Fed Chairman Jerome Powell and have that same conversation. The stock market is addicted to low interest rates. Earnings are strong, confidence is high, unemployment is low, spending is up. Why do we need a quarter-point cut, much less a half-point cut? Because we can’t stand to see Wall Street suffer?

Mom and dad, it’s for their own good.

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Last modified on Tuesday, 23 July 2019 15:39

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