I donated my dining room table and chairs to charity over a week ago, because I bought a new table and chairs. But that fucker has been delayed and now I’m living without a table, forced to eat at or around counters, dropping crumbs all over the place. Between this and the fact the kids eat like birds, I’m thinking about taking a break on my Chef-hood. As you know, Dr. Fly has been a master chef in the kitchen for the better part of the last year, whipping up all sort of grandiose dishes, all learned in the traditional French technique for the benefit of those around me.
Are they grateful?
Of course not. But I do it for me, because it’s therapeutic.
Today is Fed day and we’re looking at another absurd interest rate cut. However, should they release a greasy statement, indicating no more cuts for 2019, you should expect stocks to decapitate themselves.
The Fed is widely expected to cut interest rates by a quarter point on Wednesday, its third rate cut since July.
But what the Fed says about future policy could be trigger market volatility, since market views on the next move are so divergent.
The consensus view is that Fed Chairman Jerome Powell will indicate that the Fed is pausing in its rate cutting, and that the central bank will watch the economy to decide future moves.
On the matter of gold, you cannot touch it whilst rates are edging higher. Right now we’re in an odd spot and I prefer cash over uncertainty.
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