What is happening now proves my point.
The Fed signalled that is going to ease further. This is no news for my readers and followers of business cycle trends.
The rate on 13-week Treasury bills has been sagging for weeks.
The Fed follows the markets as it tries to maintain liquidity of the member banks.
Keep an eye on the dollar. This is the important trend. It is strengthening and it shows foreign capital is moving in to buy financial assets.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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