They’re playing good guy/bad guy with contradictory announcements, made to keep everyone off balance.
Yup,, not sure how much longer they can prop the market up.. time to audit the Fed?
We could use some good soap opera hearings in DC right up to the election next year.. and then ‘Blame Canada’ if Libya goes bad. ;-)
Discombobulated.......by design.
I’m inclined to think these statements are trial balloons.
No QE3 means seriously jacking up interest rates. And that means they can no longer pretend that there is, or will be, a recovery. The truth will out.
OTOH, QE3 could mean the collapse of the dollar, unless the markets are willing to continue to pretend the Emperor has clothes, for at least a little longer.
That’s what these statements are designed to do, get an idea if QE3 will be accepted. It’s their first choice, the coward’s choice...as always.
Look at the dollar vs the euro. The euro is a piece of crap currency and it continues to strengthen against the dollar.
That’s like getting beaten up by a 97 lb weakling.