An Appropriate Take on the Fed

     Eons ago, working in an occupation with the word, "Analyst", in our job title, we were struck by the overwhelming volume of peer reports drowning the reader in a litany of items, presumably mostly irrelevant, without any attempt whatsoever to condense ponderous thought down to the core causal factors, most often just one or two, that proper scrutiny will place at the heart of any matter screaming to be analyzed.

     Sadly, we can't say much has changed there over the years.

     And so, while reading the piece accessed below, exemplary for its clarity and focus, we decided the link had to be passed along to our valued subscribers.  When talk of the next bear market comes your way, think Fed.  Williams Market Analytics, LLC will tell you what's up with that, and, in their opinion and ours, here's what you need to know; you may not find this stuff expressed as well again:

https://seekingalpha.com/article/4083574-federal-reserve-dismal-failure-shrewd-complicity?ifp=0