This article was published by The McAlvany Intelligence Advisor on Friday, December 28, 2018:
Less than three weeks ago, this writer opined here [at The McAlvany Intelligence Advisor] that the root cause of the selloff on Wall Street then was the deliberate intentional stalling of the economy by the Federal Reserve:
Who is the real culprit behind this volatility in stocks? The well-informed have been pointing to the actions of the Federal Reserve as the prime driver, focusing on its determination to slow the economy by raising interest rates.
For example, the insider bank Goldman Sachs said in late November: “The FOMC [the Fed’s Federal Open Market Committee] will likely be reluctant to stop [raising interest rates] until it is confident that the unemployment rate is no longer on a downward trajectory….”
In other words, the Fed is determined to keep on raising interest rates until the economy is so weak that unemployment starts to increase!
If more evidence of the Fed’s deliberate intervention in the markets were needed by skeptics, last week’s volatility on Wall Street ought to suffice. Late last week,