Two headlines today that exemplify what it is about the media that will drive you bat shit:
Fed member hints at summer slowing of QE3 Link
Now remember, we're on QE4 and everyone knows it. This is a semantics game and statements like this are made for no other reason than to temper market expectations. MOPE as Jim Sinclair calls it (management of perspective economics).
The second headline:
Helicopter QE will never be reversed Link
Here's the first paragraph by Ambrose Evans-Pritchard:
"Columbia Professor Michael Woodford, the world's most closely followed
monetary theorist, says it is time to come clean and state openly that bond
purchases are forever, and the sooner people understand this the better."
Well there you have it. QE's over but it's not so you should sell your silver and gold and buy stocks and bonds (which you should never do at the same time).
***Update*** 2+2 now equals 5.
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