Friday, August 19, 2011

Federal Reserve Prediction Error Rate: 33% In Under 3 Months... Or 133%+ Annualized
So... from 3% to 2% in 11 weeks - a 33% change in forecast in under 3 months, or well over 133% annualized... And these are the clueless astrologists that not only determine our monetary policy, but tells savers to buy a lot of vaseline for the next 2 years as that's the only thing they will need in an environment in which the interest rate on their savings is zero until "mid-2013"

No comments:

Post a Comment