Another Fed meeting, another circle of jerks waiting for the economy to float back from China. The simpleton narrative is that Central Banks are to blame for this entire economic disaster by lowering interest rates to 0% and below, thereby flooding the world with deflation. Ok whatever. Because we all know that unlimited expansion of the money supply creates deflation. This specious narrative is all-important because it deflects root cause attribution away from failed trade policy - the backbone of Supply-Side Ponzinomics.
U.S. Capacity Utilization (blue) with Fed Funds rate.
Straight to the bottom...
While gamblers in the ship's casino trade worthless pieces of paper back and forth pretending to be wealthy, until the final hand when they get wiped out. Again.