Wednesday, January 26, 2011

MORE HYPOCRACY

"Fed says economy needs $600B bond-purchase program

The economy isn't growing fast enough to lower unemployment and still needs the benefit of the Federal Reserve's $600 billion Treasury bond-purchase program. The decision came from a new lineup of voting members that includes two officials who have criticized the bond purchases. They have said the purchases could eventually ignite inflation or speculative buying in assets like stocks."

Friends, IMHO this is about all the market has going for it....the FED can NEVER STOP...or else certainly 2 years and $4T is not enough....

D

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