Having used the most words ever in an FOMC statement to describe the total shenanigans that they have created, Janet Yellen prepares to ‘meet the press’ to explain how ‘considerably’ well things are going and yet how much ‘considerably’ more is needed to be done… For now the meme is that this statement is more dovish than the previous one…
- *PIMCO’S GROSS SAYS FED MORE DOVISH THAN HAWKISH NOW: CNBC
We suspect she will want to walk that back a little (before Nasdaq hits all-time record highs). And it isn’t just the Fed’s balance sheet, or total US debt, hitting daily highs, so is the number of words in the Fed’s statement:
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via Zero Hedge http://ift.tt/1uHJlzQ Tyler Durden