by Wolf Richter • • Comments Off on Fed: Forget “Escape Velocity,” Not Gonna Happen, Ever
That illusory surge in the economy, trotted out for five years in a row to rationalize soaring stock prices? The Fed has wiped it from its vision of the future.
This is not to say that it won’t go on longer or won’t get wilder. There are already people with lampshades on their heads. And girls are dancing on the tables.
They close a loophole that allowed Exxon to begin drilling Russia’s first exploratory well in the arctic Kara Sea – a well that might be shut down in two weeks.
