Welcome new reader!

Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Wednesday, September 22, 2010

FOMC Meeting, results

FOMC meeting was Tuesday, and what was indicated was basically change nothing, but threaten to initiate Quantitative Easing part 2.

Part 1 drove markets from the depths to the highs, and markets have cooled off since QE 1 has stopped.

The threat of more QE (basically fancy way of saying raw printing of currency, to devalue the currency), gold shot up.

Click here for a cynics look at FOMC minutes.

Charts of FOMC (at 2:15pm) announcements in gold, USD. Bond market closes at 2pm, so we will see rate impact tomorrow.

No comments:

Post a Comment