The FED Finds A Good Excuse To Extend And Pretend Through Brexit – Nathan McDonald, Sprott Money
Brexit has happened. Those who are not happy with this reality are making their voices heard; yet, so too are those who are overjoyed to have their liberty and freedom back in their own hands.
This divide is glaringly obvious and has been the highlight of the news reel since last week’s vote. There has been a flood of articles relating to the matter, and for good reason. This is a historic event and a move that slaps the global elites squarely in the face, something that rarely happens throughout our history.
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Regardless, turbulent times are ahead for the global markets, as this move was considered a “black swan” event, one that was not expected by many, even by those who hoped it would happen. Even Nigel Farage, one of the leaders of the “Leave” campaign, suspected that the vote would be close, but didn’t hold out hope that they would win.
Therefore, it is no surprise to find that the FED is also shocked by this turn of events. They, along with many others, did not expect this to happen – but never fear! They will take advantage of the situation and use it as a full-blown excuse as to why they once again cannot act and raise interest rates.
Brexit has ess