* Two days of bad economic news this shortened week

* The Fed still says the economy is recovering

* Recent FOMC minutes maintains pretense they can raise interest rates

* FOMC members are worried about raising rates "too soon"

* The Fed is worried about how to remove the word "patient" from communications

* How confident can the Fed be in the "recovery" if they still fear raising interest rates?

* The "recovery" was just a bubble masquerading as a recovery

* If we had a real recovery the Fed could have already raised rates

* They are now concerned about weakness overseas

* They are worried about a strong dollar

* They expressed concerns about the risks of lower oil prices

* Low inflation causes concerns

* The Fed is clearly paying attention to the negative economic news

* Empire State Manufacturing down

* Home Builder Confidence at 4-month low

* Industrial production weak

* PPI number declined .8

* Eventually the economic numbers will force the Fed to acknowledge weakness and resume stimulus


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