Friday, November 22, 2013

What does this really mean Mr Bernanke?



"It might well be appropriate to offset the effects of reduced purchases by undertaking alternative actions to provide accommodation at the same time." This is what Ben Bernanke said in the recently released US Fed minutes. He went on to say, "we are somewhat less certain about the magnitudes of the effects on financial conditions and the economy of changes in the pace of purchases or in the accumulated stock of assets on the Fed's balance sheet."

What you really mean Mr Bernanke is that you aren't really sure if the stimulus is having the desired affect any longer; you are leaving office in January and seeing you started the now Trillion dollar Quantitative "Magic Money Printing" Easing Program you'd like to at least start to reduce it before you leave. Would you like to leave a path for others to follow Mr Bernanke? A little legacy perhaps of being the Chairman to start to wind back what you started? Me thinks so…and it won't surprise me if a $10 Billion reduction happens starting in December.

LTG GoldRock Co-Founder and Senior Trade +Andrew Barnett  discusses the latest in the Forex News in this LTG GoldRock Review.

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