It's Baton Rouge: Out To Lunch

From the US perspective, there are two predictable economic pillars we have always relied on: Oil and The Fed. We look at the price and supply of oil to calibrate our economic position in the global economy, and we rely on The Fed to insure our economic security. In the past 2 months we have had the pillar of oil completely yanked away from the foundation of our financial institution. Is another pillar, even more central to the US economy, The Fed really immutable? Starkly, is Doomsday possible?      The Fed Whenever we get into any kind of real serious financial trouble – like the recession in 2008, or the economic slow-down we’re in now – we’re confident that the world is not coming to an end. The reason we’re so certain that the financial system is not going to crash, is because we believe The Fed is not going to let it. The Federal Reserve is the central bank of the United States. It’s actually a series of 12 Federal Reserve banks. Here in Louisiana we&rs