Some quotes 21st of february
Martin Wolf, “Those who believe the eurozone’s trials are now behind it must assume either an extraordinary economic turnaround or a willingness of those trapped in deep recessions to soldier on, year after grim year. Neither assumption seems at all plausible.”Gary Savage,
So does anyone really believe that the Fed has any intention of slowing down QE any time in the near future?
Well maybe the stock market temporarily does… just long enough for stocks to drop down into a daily cycle low and create enough of a panic (right in front of the sequestration deadline) so that the Fed can enlarge QE rather than shrink it.
At this point I think that the stock market probably put in its daily cycle top yesterday. However, it’s already very late in the cycle at day 34, so I would expect this to run its course rather quickly, probably ending when politicians kick the sequestration can down the road by the end of the month.
From a friend,
News regarding the economy are coming from the ministry of Foreign Affairs because the economy is a foreign affair to this government’
It concerned Laurent Fabius, ex minister of finance and current minister of foreign affairs, oddly enough he has been making announcements to the press with regards to GDP growth forecasts.
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