Daily thought from Elliott Eisenberg, former NAHB economist - Despite the weak December jobs report, the Fed will announce later this week that its reducing its monthly purchases of Treasuries and mortgage backed securities by another $10 billion to $65 billion/month, down from $75 billion/month in mid-December. Manufacturing continues to improve, Q4 GDP will be 3.3% or better which is good, net exports are rising, as is industrial production and purchases of core capital goods. Bye bye Bernanke.
Posted on: Tue, 28 Jan 2014 16:49:28 +0000