With the Fed decision fast approaching, we thought it prudent to reiterate the absurdity of hiking interest rates into an economic slowdown. Hedgeye CEO Keith McCullough will host Fed Day Live today at 2:10 p.m. to dissect the FOMC statement. (Join us this afternoon by clicking here. It's free!)
Instead of running through all the data to support our #GrowthSlowing theme (yet again), here's a "best-of" visual representation of sorts from Hedgeye Cartoonist Bob Rich. Enjoy!
1. yellen & Co. Are confused about economic growth...
2. the fed has its own rosy economic projections...
3. dEFLATION AND SLOWING GROWTH are "TRANSITORY"?
4. our own reality-based measures suggest otherwise...
5. SO WE AUDITED THE FED'S OWN FORECAST NUMBERS...
6. AND WOULDN'T YOU KNOW IT, THEY'RE WRONG 70% OF THE TIME...
7. THE RISK? THE FED TIGHTENS INTO A SLOWDOWN today...
8. you know where we stand. we'll see what happens at 2pm...
