I Love the Smell of Imminent Fed Decisions In the Morning....

Bubblevision is on fire. The June FOMC decision is due any minute. The markets are buzzing and debating over the intricacies of the Fed's statement.

If you're not sure what all of this means, we'll bring you up to speed soon. We're currently working on the "Where?" analysis we mentioned yesterday.

Nonetheless, let me tell you, dear reader, what the Fed will NOT do. They will NOT raise rates. They will NOT hint about when they may raise rates. They will work to control expectations of inflation--which is ultimately laughable. Don't let the deflationary hype deter you from the reality of where this has to go.

You see, the economy is sick. Very, very sick. The Fed is trapped. There is only one way out--inflating while attempting to control expectations.

While the world waits to analyze the Fed statement, take some time to review Jesse's commentary on inflation. It will add to your knowledge base in separating fact from propaganda.

I think this Fed announcement will smell of "more of the same with marginally different spin..."