Federal Reserve Gone Wild (On Spring Break)

  • No taper
  • Only one dissenter
  • GDP estimates going down
  • Gold going up
  • Stocks going up
  • Yields going down
  • Emerging markets should go up
  • Fed is worried? (not clear at this point)

When the NFP came out on September 6th I tweeted that based on how bad the report was that if they went ahead and tapered it was about politics instead of fundamentals. I further noted that day that asset purchases are really a perversion of capitalism but they are doing it, have been doing it and so they need to remain committed to what they started.

Had they not done it then the crisis would have been worse but I believe we would have signs of recovery by now that are real.

One idea I brought up a couple of times in the past is that the worst financial crisis in 80 years would be with us for a while and that the Fed has no idea how this will end. I think today supports that idea.

About Roger Nusbaum 169 Articles

Roger Nusbaum is an Arizona-based financial advisor who builds and manages client portfolios using a mix of individual stocks and ETFs. Roger writes a popular blog, which focuses on risk management, foreign stocks, exchange traded funds, options etc.

Roger has been recognized by many in the investment management industry for his expertise in portfolio management. Roger has been regularly interviewed by the financial press, trade journals, and television news shows. He has also had numerous technical articles published and has been quoted in a number of professional trade journals, newspapers, and consumer finance magazines. He appears frequently on CNBC Asia as a market commentator.

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