Speaking of telegraphing, the Fed is signalling to markets (via their newfound "transparency") that another round of QE is coming. Oh, boy...
Equally predictable will be Paul Krugman's denouncement that this "policy" will be inadequate, and that a QE bazooka of $10 trillion will be needed.
"Clowns to the left of me, clowns to the right...stuck in the middle again."
http://www.cnbc.com/id/46058897
Monday, January 23, 2012
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