07 August 2011

Bon mot.

Chairman Ben Bernanke telegraphed this [no QE3] in his recent testimony to Congress, in which he basically stated that the Fed had done all it could and there was little more it could do other than wave a dead chicken and chant a few old incantations.
"Don't Fight Bet On The Fed." By Charles Hugh Smith, of two minds.com, 8/5/11.

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