Thursday, 17 October 2013 14:23

It's Quite The Rapier-Like Caper To Pull Off A Taper That Does Naught But Issue More Paper Featured

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Four months ago I posted the self explanatory piece aptly titlted "Bernanke's Bluffing Because A True QE Pullback Will Cause Fundamentals To Reassert In Banking Sector". In it I stated the obvious... 

Ever hear of NEGATIVE interest rates where YOU have to PAY someone to LEND THEM MONEY!!!

So, BoomBustBloggers, where do YOU think rates are going to go from here? Up of Down???

Today, ZH reports:

Just out from Fed "hawk" Dick Fisher:

    • FISHER: FISCAL SHENANIGANS HAVE `SWAMPED' QE TAPER PROSPECTS
    • FISHER: HARD TO NOW ARGUE TO CHANGE COURSE OF MONETARY POLICY
    • FISHER HAS FAVORED TAPERING FED MONTHLY BOND PURCHASES
    • U.S. FED'S FISHER REPEATS BEST TO 'STAY THE COURSE' ON BOND BUYING AT OCTOBER FOMC MEETING

For anyone who is surprised by this, don't worry... I have this levered deal to by this Bridge in Brooklyn, real cheap too, near zero percent interest! 

 

Last modified on Thursday, 17 October 2013 15:15

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