Rude Awakening

Phoenix Capital Research's picture

The Fed Cannot Move Without a Crisis… And One is Coming





Let’s cut the BS here. The Fed has maintained a more than highly accommodative stance for three years now and U-16 unemployment, food stamp usage, home prices, and virtually every other economic metric indicate that they’ve done little to boost the US economy in any meaningful way. QE has and always will be about boosting asset prices in the hope that the Fed can stimulate a recovery by getting the S&P 500 to some level.

 
Tyler Durden's picture

Morgan Stanley's Stephen Roach: "A Rude Awakening"





The Vice Chairman of Morgan Stanley Asia destroys any last germinating green shoots.

"Green shoots are a very simplistic way to look at the world." Why is it no surprise that Fed Chairman Ben Bernanke came up with it. 

 
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