<font color=green>The Nasdaq Three Year Chart with Fed Moves
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I believe the US Fed is being controlled by an old man who has received un-due credit for the recent years of prosperity and not enough criticism for the damage he has done to the world economy.
In thirty years, I think they'll be calling the recession we're entering into the Greenspan Winter.
Medical and scientific advances that might have been, had we continued on the growth path we were on, won't be happening in the coming years. The strength and enthusiasm of the growth sectors of our economy have been sapped.
In this chart, I've marked the Fed rate moves over the past three years.
It's probably worth noting that prior to 1998 (which is shown on the chart), the previous move was a rate increase on March 29th, 1997.
There have been very few Fed rate moves in the last decade.
The Fed became exceptionally active these past three years, near the end of an extended period of prosperity in the North American economy.
The chart shows where the Nasdaq was six months after the rate moves.
I think it's generally accepted that Fed rate moves take about six months to have an effect.
IMO, the chart shows clearly that the 3rd, 4th, 5th, and 6th Fed Rate Increases were implemented in such a way that they were beating a dead horse, starting about this time last year.
In particular, the last two rate increases were implemented despite early evidence of the effect that the first two rate increases were having.
IMO, it's time this smirking old man with his sufficiently ambiguous mumblings was brought under control.
The emperor has no clothes. Pass the word.
Cush |
