Fed minutes and they give a hint …
A full-blown recovery will last AT LEAST 5 YEARS …
NO COMMENT …
I just tilted the SELL BUTTON …

Watch this video … shocking … FED is out of control

Today morning we got it officially, that the Chinese won’t finance the US mess forever …
China’s national pension fund said Wednesday it plans to adjust its investment portfolio this year by lowering its investment in bonds and increasing its direct equity investments as part of efforts to cope with the global and domestic economic downturns.
The […]

As nobody so far was able to explain the Bond-Miracle to me … I just ask you
First the facts …
- we will have all-time-record-supply of BONDS coming as all these daily help programs some day need to be refinanced.
- printing money is inflationary … at least I heard this.
- FED sees only […]

To explain the unexplainable …
the FED issued the LONGEST statement on record … AUTSCH!!!
They keep buying time … needing always more words …
and they still have NO CLUE …
- The Committee anticipates that a gradual recovery in economic activity will begin later this year, but the downside risks to that outlook are significant.
READS: NO GROWTH […]

FED cuts interest rates to virtually 0% … they keep panicking …
Here the statement …
The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0% to 0.25%.
Since the committee’s last meeting, labor-market conditions have deteriorated, and the available data indicate that consumer spending, business investment and industrial […]

If the Fed were a normal bank, it would be close to being closed
How far the situation is out of control, an article in the new issue of Barron’s highlights:
- If the FED were a commercial lender, it would be a candidate for receivership, based on its capital ratios. Bank examiners generally view […]

Fed cuts rate to 1%, highlighting the weakness of everything …
Market seemed to respond positively … until the last “ten” minutes
Then Dow dropped more than 300 points to close down “small”.
Why? GE’s CEO was quoted saying, that his company aims to keep next year’s profit the same as 2008.
Don’t we all aim to be multi […]