In today’s newsletter, Dennis Gartman says there is nothing the Fed can do to turnaround the economy:
We fear that no matter what the Fed does at the next two-day meeting its effect will be non-existent upon the economy. That is, even aggressive easing…and we do not think that likely…shall have the most marginal of effects excepts perhaps upon equities prices, but we do fear that doing nothing at all shall have a detrimental effect. Thus, the Fed likely shall err upon further monetary stimulus and shall comment openly upon that fact, but it knows in its heart-of-monetary hearts that very little shall come of it.
So it shall be…
