The saddest part is now the Fed has to ride this one out because it really has no out. Kind of reminds me of the the argument If God is all-powerful He cannot be good, if God is good He cannot be all-powerful! The Fed cannot be all knowing, all powerful, all good all at the same time whatever the case make money but they have no idea what to expect any longer and are riding the wave as long as they can It sounds like the bankers who broke the world at the start of the 20th century