One Disconnected Fed: Low Gas Prices Are BAD For the Economy!

From the Fed's meeting minutes just released today:

"persistently low energy prices... could damp the overall expansion of economic activity for a period, especially if the slowing took place after most of the positive effects of lower energy prices on growth in household spending had occurred."

Need I say more?

Crude oil didn't move much, but the news that this might "dampen" the economy cause stocks to decline moderately, and treasuries screamed higher as interest rates collapsed! This sounds like an excuse for the Fed to continue to suppress interest rates! If the economy is really doing so well, then why do they see low interest rates as necessary in perpetuity? A sound economy wouldn't need life support!

Macro Data Continues Downward Trend

Even as stocks remain near record highs, the following Economic headlines are out this morning:

• US Industrial Production Misses (Again) As Manufacturing & Construction Growth Disappoint
• Housing Starts, Permits, Miss Expectations On Drop In Single-Family Housing
• US Producer Prices Tumble Most Since 2009 (And It Wasn't All Energy-Related)

But the White House, Wall St bankers, and their complicit Propaganda Press want us to believe that "all is well". They LIE! The Macroeconomic data so far for 2015 is the WORST since 2009!

Stocks are modestly lower this morning -- Dow down just 34 points as I type this! Stocks hit new highs the last couple of days! Wall St is so drunk on Fed easy money that they've become delusional!