What do you think of Bernanke's exit strategy now that it's begun?
The 30 year auction failed last week. At the same time Ben Bernanke released a statement on "snowpocalypse" Friday in lieu of testimony that stated he was raising "certain" rates. Since rates cannot go lower what are the implications now that the Fed has exited?
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I'm not sure if economic paralysis has begun just yet. But the exit strategy mentioned here sounds crazy!