Essence Of The Eccles Building: A Ship Of Paint-By-The-Numbers Fools Who Inherently Get It Wrong

In other words (pardon the lengthy quotation), the Fed continues to get it wrong. Even by early 2011 the Fed was expecting the first rate hike to come in mid-2013. And in her last sentence of the first paragraph above, the “modest acceleration” has failed to materialize at any point in either 2012 or 2013. They keep getting their forecasts completely wrong....
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.