Yesterday, red was showing up just about everywhere – U.S. stocks, European stocks, Asian stocks, emerging markets stocks, crude oil…

But it could have been worse…

U.S. stocks recovered some of their losses for the day, after the minutes of the most recent Fed meeting showed Yellen and team still won't pull the trigger on a rate hike until certain unspecified conditions are met.

According to the Fed, the conditions for a rate increase are "approaching" but haven't been met yet.

Well, guess what… Conditions will never be met.

It doesn't work that way. This economy will never recover – not as long as it is under the current Keynesian management. It is like a patient attended by quack doctors – doomed to get sicker from their quack "cures."