8/28/2012 0 Comments
Good News is Bad News:
The lure of QE on the markets leading up to the Jackson Hole meeting has created quite an interesting relationship between the markets and economic data. because the Fed has mentioned it will only start another QE program if the economic data continues to decline. In order for the QE bets already in the market to reverse we will have to see more negative economic news; including today's consumer confidence. Any sign of improvement could be a disappointment.
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