The Fed is on hold. I do not think it matters much right now. The markets are taking over.
The US is providing liquidity to the world. This liquidity is recycled in part back to the US. And the world economy is booming.
Most of the money goes back to the UK, which is becoming a major player in the international financial markets.
This is the reason the Sterling is reaching new highs relative to the Dollar.
We are becoming less competitive even in the financial arena thanks to the obsessed Washington regulators.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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