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re: It's Ugly Today Everyone
Posted on 6/25/13 at 8:08 am to Janky
Posted on 6/25/13 at 8:08 am to Janky
quote:
This is what has confused me the most. Bernanke has stated what his plans are, but the market seems to think he is lying and he will be more aggressive than what he says.
That's just the market, its completely irrational and we know the Keynes quote "The market can stay irrational longer than you can stay solvent".
Hawk governors Fisher and Kocherlakota spoke yesterday and gave a little more clarity. Kocherlakota was actually pretty good. Kocherlakota paraphrased: "We're fine with this movement in the short-term, but not if it continues. Don't expect the Fed to go from Wild Turkey to cold turket overnight". Fisher used to be a hedge fund manager himself. He akinned the market participants that are trying to move it to where the Fed hops back in to feral hogs and made the comparison to '92 when Soros and others attacked the Bank of England to the point that England had to leave the European exchange rate mechanism.
I hope we can stabilize here.
Posted on 6/25/13 at 8:29 am to BennyAndTheInkJets
quote:
We're fine with this movement in the short-term, but not if it continues. Don't expect the Fed to go from Wild Turkey to cold turket overnight"
This will hopefully ease the markets and reinforce the idea that there isn't really a commitment to tapering, just a possibility if certain conditions are met.
quote:
I hope we can stabilize here.
You and me both. Good info sir
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