The Fed is Done

  

The Fed now has everything it wants and more.

Closed home sales in Minnesota declined 17% in June verses June last year. Virtually all other "leading" indicators have slowed or turned down. The dollar is firm and the global equity markets have now begun the retest of last months lows.

The entire yield curve is now above the current fed funds rate...ridiculous.

The problem and immediate issue is Russia and China. Who will they side with....with what has to be imminent action by the USA in the Israeli conflict. We will find out very shortly. Our President will make some very important decisions in the next few days. The conduct of Iran is unacceptable and more dramatic than Iraq's (was).

Iran is about to be put in the cheap seats.

Barkly seen here sees a future where, with a dramatic change away from from middle east hydrocarbons....that these middle eastern countries are seeing their top and their ultimate decline as probable without their ability or desire to be world citizens.