After the Fed minutes came out, the QE-crack addicted bulls were as Mike Tyson says with such lovely lisp, "eksthatic" which of course would be "ecstatic".
So Bernanke saying the following regarding QE3 took the wind out of their collective sails...
Bernanke Says Fed Not Prepared to Take Action at This Point, but, Bernanke Says Recovery 'Still Rather Fragile'.
That's okay, I'm sure Wall Street can still ramp the ES to get the pin they want by Friday.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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