Wednesday January 6, 2016 - 11:30:22 GMT
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Fed Losing Touch With Reality?
Wellcome to 2016. The holiday season is now over with stocks and oil sliding. Worries about the North Korean bomb test, They claim it was an H-bomb, some doubt that, are weighing on stocks. Another weight on stocks was a NIkkei report that AAPL stocks of cell phones have been accumulating and that production will be cut by 30%. Forecasters are cutting their groth estimates for 2016. Chatter the Fed is considering four rate hiks this year is increasingly seen as an indication that the cetrl banl has lost touch with reality.
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