Now the continuum can well... continue.
All is as it should be in this warped version of an economic and financial system. This fly boy Hedgie sums up the herd's thinking:
The “big stimulus game is over,” said Bill O’Connor, a poll participant and founder of Sagg Main Capital hedge fund in New York, in explaining why he’s moving money into cash as the Federal Reserve winds up its bond-buying program and U.S. lawmakers look to cut the budget.
The bad cops (Plosser, Fisher, Bullard, etc.) have been heard by the herd. Congress is pretending to be austere, the US dollar and T bonds are bouncing and the intermediate picture is being set up nicely. You have got to love this. Really, you have to.