Friday, June 12, 2015

All Roads Lead to Implosion

The Fed doesn't have a choice (on interest rates) next week, they have the illusion of choice.

They can choose to let the air out of their bubble and watch it implode with extreme dislocation, or they can maintain status quo and watch it go supernova of its own volition.

Either way the end result is the same. Six years of sitting on the launchpad at 0% interest and 0 Vol can only end one way.