Swiss Economicblogs.org
In the famous Sherlock Holmes Story, the detective identified the perpetrator from the fact that a dog didn’t bark. The dog didn’t bark because it knew the perpetrator. This story makes a good analogy to what happened on Thursday, Sep 17. Perhaps I should say what did not happen. The Fed did not raise the interest rate. In fact, the Fed would bankrupt itself if it tried to raise rates significantly. However, it had set everyone’s expectations that it would hike interest. It risks losing...
Read More »The Dog That Did not Bark
