Zerohedge: The One Big Problem With QE To Infinity
There is one big problem with the Fed's announcement of Open-Ended QE moments ago: it effectively removes all future suspense from FOMC announcements. Why? Because the Fed has as of this moment exposed its cards for all to see from here until the moment it has to start tightening the money supply (which
may or may not happen; frankly we don't think the Fed tightens until
hyperinflation sets in at which point what the Fed does is meaningless).
It means easing is now effectively priced into infinity.
And this: Fed Folds: Will Do Open-Ended MBS Buying, Extends Operation Twist
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