The Fed Is Attempting to Use Green Day Playbook Again (Musical Tribute)

Summer has come and passed
The innocent can never last
Wake me up when September ends

Like my fathers come to pass
Seven years has gone so fast
Wake me up when September ends

Here comes the rain again
Falling from the stars
Drenched in my pain again
Becoming who we are

As my memory rests
But never forgets what I lost
Wake me up when September ends

In summary, the Fed really hopes ZIRP can never last. After seven years of it, they would really like to raise rates in September. In order to raise rates in September, they will rationalize falling commodity prices as transient. There may be pain again, especially for the investors who can't remember what they lost the last time the Fed raised rates.

Wake me up when September ends. Let's hope it goes better than the last time the Fed used the Green Day playbook. We certainly do not want to see another boulevard of broken dreams fiasco.