Thursday, 30 October 2014

FOMC Day 2...MEH!........................from Rico

Why does ANYONE pay any attention to the perfunctory Day 2 pronouncement of the FOMC any longer?
- Maybe it's like talking about the weather. It's meaningless, pointless, and ineffective in any practical way...just like anything the FED ever says.

They haven't been honest and forthcoming with their public statements for 100 years.
- Why start now?

There will be some hand-wringing about how there is NOT ENOUGH inflation, and no talk at all about real deflation and/or their manipulation of the equity markets to mask things from public perception.
- Look at the attached and decide how much MORE inflation is needed to "fix" everything and make it all better.

Your best guess will be better than anything the FED says today.

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