The Next Version

Regular reader will likely recall earlier missives on Yellen's determination to raise Fed managed short-term rates, in particular the inevitable rate inversion and the pernicious effects of same. Well, may be not. Recent reporting states that the Fed is about to unleash the Treasuries it's been holding since the advent of QE. Increase supply, decrease price, and raise the interest rate. Since this also raises the rate on new issues, of course, then (of course) the little people who actually pay taxes gain the additional benefit of giving yet more of their moolah to the idle rich.

Next thing we'll hear is that Donald J. Quisling decrees that data collection and reporting from BLS, Commerce and the rest will be suspended, since such data is the source of so much fake news.