tazmac
I am no convinced that your chart means anything.
“The New York Fed itself has openly admitted that were it to remove the market moves that occurred around Fed FOMC meetings (the times when the Fed announced new programs or hinted at doing so), the S&P 500 would be at 600 today”
If you read the Fed’s mission statement one of its key roles is “maintaining the stability of the financial system and containing systemic risk that may arise in financial markets”.
http://www.federalreserve.gov/aboutthefed/mission.htm
Less uncertainty and volatility means higher prices. The chart suggests to me that the Fed is just doing its job.
With respect to the non-US recovery:
http://www.bls.gov/news.release/pdf/empsit.pdf
http://www.census.gov/retail/marts/www/marts_current.pdf
http://www.reuters.com/article/2012/10/02/us-chrysler-sales-idUSBRE8910IY20121002
http://www.bloomberg.com/news/2012-10-30/home-prices-in-20-u-s-cities-increase-by-most-in-two-years.html
Employment, retail sales, car sales, housing prices... I agree that it is not a strong recovery, but the data doesn't suggest that the US is tanking.
- Forums
- Commodities
- GOLD
- $5,000 gold
$5,000 gold, page-75
-
-
- There are more pages in this discussion • 122 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online