Strike Three on September Rate Hike: Bainard Urges “Prudence” | MishTalk
None of this is worth much until these Fed Governors begin to address the fact that the Fed has been blowing asset bubbles for decades, and that currently the concept of "understandable price" especially in the stock, bond, and commodities market is dead because of these asset inflation pressures.
Basically, the Fed has so distorted the markets in these things that there is no determinable price, and the markets are simply reacting to the fact the Fed is tightening, or easing the money supply.
We have entered a period of maximum market instability, all thanks to the Fed's fiddling. The cure is for the Fed to stop, now! Let the markets settle, and rediscover price, whatever it is.