The king is dead; long live the king.
As America’s great money printer prepares to hand over the reins to a presumptive successor determined to continue down the same Keynesian path, one has to wonder: How much longer can the Federal Reserve maintain the fiction that it is “managing” the nation’s inflation and unemployment rates?
By failing to honestly measure either, while pumping up one asset bubble after another, it is only a matter of time before the “official” figures from government statistical agencies come totally unglued from the reality experienced by most Americans.
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Bill Frezza 
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