Wednesday, November 3, 2010

No Big Fed Surpises

Fed funds stays at 0 to .25. As for purchases: Fed To Buy $600B More Of Long-Term Tsys By End Of 2Q '11. Well see how this plays out. Already gold is taking a dump.

$600 meellion.. errr, 600 beellion, as someone joked, is not huge in the grand scheme of things. But readers of this blog already know the dirty little secret: The Fed today or at anytime cannot say what it will really do. That we know will be QE to infinity into the trillions.

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