“I’ve been thinking lately that Fed policy is like the Wizard - TopicsExpress



          

“I’ve been thinking lately that Fed policy is like the Wizard of Oz on the big screen. Many believe in it and perception has become reality to an extent. For one, the Fed Funds Rate is never raised in early stages of the bull is it? Hmm, so they wait till the bull is rolling over and/or rates are rising (like the 3-month rate which the FFR absolutely HAS to follow – think this through!). Then the Fed gets blamed for the downturn which raises the Fed’s power in the minds of the people. That’s mental conditioning if you ask me.”
Posted on: Tue, 01 Oct 2013 06:32:49 +0000

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