Peak Absurdity—The Apotheosis Of Central Banking

Absurdity. Noun: The quality or state of being ridiculous or wildly unreasonable.Consumer confidence near 20 year highs. Unemployment at 50 year lows. Financial conditions at their loosest in 25 years. Stock market capitalization at 145% to GDP. Markets at record highs. GDP growth 2-3%, the same it’s been in this entire cycle.

Now let’s cut rates.