You know that soul-shattering moment when reality hits? That’s what I felt when it was announced that Cristina Fernandez de Kirchner was to meet with George Soros.
Obscured by stock market hoopla, and under the leadership of our fearless Treasury Secretary Jack Lew, the G-20 finance honchos fret about faltering global growth.
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.
