With The Fed minutes being released this afternoon, it’s pretty fair to say we’ll be going “nowhere fast” here this morning. That’s fine – we’re used to that.
But I will be particularly interested in today’s “Fed minutes release” as something “very, very interesting” has developed here just recently.
The Bank of International Settlements ( also considered the “Central Bank of Central Banks” ) has “sounded the alarm” and has now more or less stated to its members to “pop this bubble now” to save yourselves even worse fallout later.
A few quotes from the recent report / statement:
“Few are ready to curb financial booms that make everyone feel illusively richer. Or to hold back on quick fixes for output slowdowns, even if such measures threaten to add fuel to unsustainable financial booms,” …
“The road ahead may be a long one. All the more reason, then, to start the journey sooner rather than later.”
Apparently a few “intelligent people” at the IBS who see the clear disconnect in current market valuations and “reality” are now flat our suggesting that the World’s Central Banking Community “just get’s on with it” – and bring forward the downward leg of the cycle.
So…..that being said, I think it warrants “lending an ear” here this afternoon as to even the “smallest hints coming out of Washington” that perhaps The Fed may drop, in order to keep itself on the right side of public opinion, whilst planning the next phase of the inevitable “boom and bust cycle”.
As I’ve suggested to you “countless number’s of times” this cycle being stretched to 5.6 years of upward movement now, with no real evidence of economic recovery – 2 years moving lower is really just standard fair.