The herd is going to believe this: World Stocks Slip on Fed Remarks About US Economy
BANGKOK (AP) — World stocks markets followed Wall Street down Thursday after the Federal Reserve admitted to being caught off guard by recent signs of deterioration in the U.S. economy.... Comments by Fed Chairman Ben Bernanke, who said at a press conference in Washington that some of the problems plaguing the U.S. economy "may be stronger and more persistent than we thought," turned investors away from stocks, analysts said.
People who want to survive and thrive on the other hand, are going to take this with a huge chunk of salt that is the realization that policy makers have needed to tamp things down after long term Treasury yields threatened to blow the whole gig. This becomes so transparent when you know how to look at it.
New buyers for T bonds are needed in the near term, right Beuller?
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