As covered on this weeks VRA Call (link at end of update) it is now clear that the FED cannot raise rates and that the global currency war just moved to DEFCON 3. And…for the time being…the stock market will continue to ramp higher.

“I strongly oppose an audit of the FED” FED Chair Janet Yellen, to Congress (last week). Well…I am imagine that you do Janet…just as a child opposes parental oversight. If you’ve followed my work for any length of time at all, you know that I’m not a big fan of Central Banks, especially the biggest and baddest of them all,