God weighs in on interest rates

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This is the headline from an actual Bloomberg story today, in which an actual US Congressman has thoughts to relay to Fed Chair Janet Yellen about what God might want her to do with interest rates.

“God’s plan is not for things to rise in the autumn, as a matter of fact, that’s why we call it fall, nor is it God’s plan for things to rise in the winter, through the snow,” Sherman, a Democrat from California, told Yellen at a hearing of the House Financial Services Committee. “God’s plan is that things rise in the spring. And so if you want to be good with the Almighty, you might want to delay until May.”

He delivered this message with a straight face. Actual California residents actually voted for him.

I wonder, what does God think about the idea of the Fed having some dry powder in case an international crisis roils markets? Does the lord truly want Ms. Yellen to be trapped at the zero lower-bound without any ammunition to quell the investor class?

Is God paying attention to the spread between 2’s and 10’s? How about the yield on the 5’s? Does he not see that the bond market is now ready for December and that it is good?

Does God not agree that the energy price weakness that’s been pulling CPI down is merely transitory?

Is God not aware that there’s a self-satisfied asshole epidemic venture capital bubble in Silicon Valley? Again? Is he comfortable with that being inflated further?

When God looks down on creation and sees an economy essentially running on the money-laundering real estate purchases of foreigners coupled with an explosion in stock buybacks, is he proud of us, his handiwork?

I have so many more questions. Can he hear me?

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  1. blog hier commented on Feb 03

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