Another week goes by and another gaggle of Fed guffaws pukes out the same old 'we are data-dependent' meme, the same old 'everything is on track' narrative, and the same old 'bonds are wrong, stocks are right' idiocy. Do they not see what this constant nonsense has done to Kuroda and The Bank of Japan's credibility – propagandizing in the face of overwhelming facts. In order to help those who just can't seem to shake off the "well The Fed said it so it must be true" denial pysche, we offer the following chart…
Just wait for 2017… it's going to awesome!!
So which do you think is "right" – the stock 'market' or the bond market?
via http://ift.tt/1rM6Uel Tyler Durden