You do see this clearly don't you? Fed Raises Discount Rate to .75%
You see that the Fed is only doing what that T-bond yield chart in the previous post has demanded they do. You read the blogger every Fed day chirping on about how the Fed will decide nothing, it's the bond market that will make the decisions. You read about the need for another deflation scare type event to put some bullets back in the Fed's chamber.
The treasury bond is cooked if the secular 'line in the sand' breaks. Absolutely cooked, as in new system here we come. They don't want a new system. They like the existing one just fine. Despite the spin that this is just normal activity for a recovering economy, you just know these guys are doing what they must do, or they are out of business.
This is why I harp on the damn t-bond charts all the time.
