Again, we are not surprised.
My biggest carry away from the Fed statement is that yes … they will take the world economy into account when considering whether or not to take action. It is not a simple matter of employment metrics. Which does fit with their mandate. If global conditions meltdown, I’m sorry, but I don’t think in today’s world you could expect to see a whole lot of inflation in the United States economy.
And so … here are the actions we are taking …
Sharpe Income … we are using the money reserved in the project, and purchasing Union Pacific (UNP) at current market prices. Again, this is only for the Income side of things.
Clients of ‘The Sharpe Report‘ … we can just sit back, and enjoy this action. There is no reason to adjust that hedge. Yet.
Clients of our ‘Mastering Markets: Valuation Investing‘ product … check the sample diary …
(We continue with ‘Sharpe Income’ posts in the following entry …)