Sinking Your Own Destroyer

We're going to finally have to give the Federal Reserve credit, they've realized the error of their ways and are starting to move more aggressively to tighten monetary policy. Starting with a half-point increase in short-term rates today. It took some courage to change course after a prolonged period of pretending that everything was ducky. I use an historical analogy to analyze the shift in policy, discuss the likelihood of the Fed engineering the oft pursued but infrequently attained soft landing and make a suggestion regarding summer travel plans in my latest blog post at: https://richardlynch.wordpress.com