The perception of stimulus-driven recovery that has so lifted the Federal Reserve's reputation has not been purchased without cost... and that cost may prove too much for us to bear
It's crazy how many different things can be traded these days. There are futures contracts for just about everything, even the weather. In my days as a commodity broker, many moons ago, we even used to joke about putting on a tiger shrimp/powdered milk spread. (You could actually do this, were you so inclined. Or at least you could back then.)
But you know what would be really great to see? A futures contract that rises or falls with the reputation of central bankers.
