The November FOMC minutes are out. That’s right folks, it is time for another helping of gibberish that is just chock full of boring (and in some cases undecipherable) language, and more humorous projections.
Recall that the FOMC minutes in 2007 used such terms as moderate growth to continue, decrease in construction mostly due to seasonal contractions, and little risk to the broader economy. Well they sure got just about everything wrong, and still do today.
If you are so inclined to humor yourself I offer you the latest FOMC minutes for your reading pleasure.
One of my favorite lines from the FOMC Minutes:
‘Saw decline in US Dollar as orderly’
Thank goodness it has been orderly, I was getting very concerned there (sarcasm intended).
Does this look orderly? I think not.
US Dollar Chart
FOMC Minutes:
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