There's Your Official Warning From The Fed

Tyler Durden's picture

And in lieu of any rumors out of Europe (they have all been exhausted, plus nobody believes anything out of the doomed continent), here is our own Fed with its best attempt to talk the market up, via Bloomberg:

  • ROSENGREN: CRISIS MIGHT WARRANT COORDINATED ACTION BY FED, ECB
  • ROSENGREN SAYS FED SHOULDN'T BE DISSUADED FROM TRYING TO HELP

And yet:

  • ROSENGREN: CENTRAL BANKS CAN'T SOLVE ECONOMIC PROBLEMS ALONE

So who steps in: aliens?

Lastly:

  • ROSENGREN SEES `CLEAR STRESSES IN SHORT-TERM CREDIT MARKETS'
  • ROSENGREN SAYS HIS FORECAST ASSUMES EUROPE `MUDDLES THROUGH'
  • ROSENGREN SAYS ECONOMY CREATING `NOT AS MANY JOBS AS I'D LIKE'
  • *ROSENGREN SAYS GDP GROWTH `NOT WHAT I WOULD LIKE TO SEE'
  • ROSENGREN: ECONOMY SHOULD `BE PICKING UP' IF NO FURTHER SHOCKS

Risk about to ramp. Fade to follow. Rinse. Repeat.