DailyMarkets.com - Jim Rickards,the Fed Smoke And Mirrors |
| Jim Rickards,the Fed Smoke And Mirrors Posted: 15 Dec 2012 04:19 PM PST Jim Rickards explains the December 2012 meeting FOMC of $85B bond buying per month plan. The floor is yours Jim: COMMENTS: For the whole of 2013 the fed is out of the market influencing game. They will BUY $40B of bonds and $45B of MBS on to their balance sheet ($1Trillion a year). That’s it! What can the FED do with any stock market down swing? Buy stocks in the market directly or maybe double the bond buying to $170BN. Wouldn’t these type of measures confirm the USA is now USSR, if not … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards |
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