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\\n \\t* The odds of a\\xa0 December rate hike continue to ratchet up above 70%
\\n \\t* We had a parade of Fed officials, most recently again today coming out and talking about why a December rate hike is a good idea, probable, possible, appropriate
\\n \\t* You name the adjective, some Federal Reserve president, governor is discussing it
\\n \\t* The markets are ratcheting up their expecations
\\n \\t* The dollar index continues to move higher, we hit about a 9-month high today
\\n \\t* We got above 99; but we didn\'t close there, in fact the dollar index managed to close down a notch
\\n \\t* Interestingly enough, gold had a pretty strong day today, we had about I think we\'re at $12.73
\\n \\t* Even to the extent the FOREX traders are worried about a December rate hike, the gold traders don\'t seem to care about how a rate hike might impact the price of gold
\\n \\t* This says either the gold traders don\'t believe that a December rate hike is coming, or they\'ve correctly concluded that even if the Fed does raise interest rates in December, it\'s no big deal
\\n \\t* It\'s too little too late to be a negative for the gold market
\\n \\t* The Fed is going to deliver far less than it promised when it comes to rate hikes
\\n \\t* In fact the most interesting comment from a Fed official came last week from St. Louis Fed President James Bullard
\\n \\t* He said that the Federal Reserve only needs to nudge interest rates up by 25 basis points
\\n \\t* Right now, the official rate of Fed funds is between .25 and .50
\\n \\t* It used to be between 0 and 25
\\n \\t* I think where we actually are right now is 38 basis points
\\n \\t* So if we moved up 25, at least these are the numbers Bullard is throwing out, we\'d move up to 63 basis points for the Fed Funds Rate
\\n \\t* Which is just barely above a half point
\\n \\t* He says that\'s all we need to do is nudge it up to 63 basis points, and that\'s it - we\'re done
\\n \\t* He said, "We need to do it in December, but then that\'s it, interest rates are going to stay really low for years."
\\n \\t* He\'s talking 2 or 3 years or maybe even more of ultra low interest rates, despite whatever is happening in employment, and inflation
\\n \\t* This is all we need
\\n \\t* Nudging up by a quarter basis point and we\'re done
\\n \\t* I was surprised, to be honest, that we didn\'t get more of a reaction to this admission by Bullard that the next hike, if it comes in December is the end of it
\\n \\t* If that\'s it and then we\'re on hold for years
\\n \\t* Sometime, during that period of time, we\'re going to find ourselves back in recession
\\n \\t* Even if we\'re not in recession now
\\n \\t* Even if this so-called recovery is in its twilight
\\n \\t* Remember this is the 3rd longest recovery of the post-war era and it is the weakest recovery - ever
\\n \\t* And, of course, it has the most stimulus
\\n \\t* So despite having the most stimulus, it\'s the weakest
\\n \\t* Clearly, it\'s going to run out of steam
\\n \\t* So if the Fed does in fact raise rates ever so slightly in December and then say:
\\n \\t* "That\'s it for now, we\'re just going to wait"
\\n \\t* What\'s going to happen is, we\'ll be back in recession
\\n \\t* If Hillary Clinton becomes the next president, and it\'s looking more and more likely that that nightmare will become a reality
\\n \\t* If she is, she will try to stimulate the economy
\\n \\t* Look what happened with George Bush
\\n \\t* When George Bush was initially elected the first time, he inherited the bursting of the dot com bubble
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