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Stock impact report

To Track Interest Rates, Watch The Blackstone Group, Not The Fed [Forbes]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: Forbes
during a strategic and policy discussion with CEOs in the State Department Library in the Eisenhower Executive Office Building (EEOB) on April 11, 2017 in Washington, DC. (Photo by Olivier Douliery-Pool/Getty Images) Getty Images The Federal Reserve is irrelevant. Market signals continue to confirm the previous truth while economists and pundits continue to follow what's irrelevant in breathy fashion. In future decades and centuries, economic archaeologists will marvel that what was so unimportant was taken so seriously. To recognize the Fed's insignificance, all readers need to do is contemplate all the attention given the central bank by economists and pundits. They are literally following the rate fiddling of an outsourced-by-Congress, would-be price controller within the federal government. Think about that, and in thinking about it ask when price controls have ever correlated with accurate prices in concert with an abundance of the market good controlled. To think about w Show less Read more
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