Global Intelligence
The Fed’s Bill Dudley admitted what many of us already suspected. The Fed has no clue how QE would affect the markets. Such a statement from a high level Fed official is unusual, and a very telling sign. From Zero Hedge: Well, it took three years, but finally the Goldman Sachs-based head of the New […]
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In typical Fedspeak, the Fed has said absolutely nothing while discussing tapering, saying that they may taper if conditions warrant, with an unknown amount. *FOMC SAW `SEVERAL SIGNIFICANT RISKS’ REMAINING FOR ECONOMY *FED TAPER LIKELY IN COMING MONTHS ON BETTER DATA, MINUTES SHOW *METLIFE FOUNDATION, SESAME WORKSHOP PARTNER TO PROVIDE FINL *FOMC SAW DOWNSIDE RISKS […]
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As we head for the fateful FOMC announcement on September 18, US data have continued to moderate. Accordingly, the consensus seems to be converging on a $10-15 billion initial reduction in monthly purchases (mostly focused on the Treasury side and less so on MBS) with any ‘tightening’ talk tempered by exaggerated forward-guidance discussions and the potential to […]
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The facts are now becoming abundantly clear, that the forecast we’ve maintained for well over two years has been validated: the US is in a DE-pression and both Washington and the Federal Reserve have wasted trillions of Dollars. The reality is that what’s happening in the US today is not a cyclical recession, but a […]
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