Originally published on June 6, 2019
Dumb and Dumber
Esquire
Just when you thought media/pundit commentary on the market and the economy couldn't get anymore inane and stupid, they surprise you by plumbing a new depth. This article from CNBC, "These charts show how Fed Chair Jerome Powell is the most important thing to the market now," is a solid gold example. Of course, Chairman Powell is in part responsible for this belief with his statement yesterday, "We will act as appropriate to sustain the expansion." That comment was all it took to reinforce the