Fed Contraction Of Monetary Base Much More Important Than Hike Of 0.25%
October 17, 2016 at 13:50 PM EDT
The Fed is contracting the U.S. monetary base at an unprecedented rate. The U.S. dollar should strengthen. Gold and commodities should decline. Long rates to remain lower for longer as foreigners buy. DJIA still trading at less than 50% of value.
