My Dear Friends,
A Fed which has just made major swaps available to the ECB and today promised to keep rates near zero until at least mid 2013 also said they are not doing anything to further stimulate the economy. That is total double talk.
Jim Sinclair’s Commentary
John Williams confirms the Formula as Federal tax receipts falter.
– Faltering Tax Receipts Show Consumer Income Taking A New Hit
– November Retail Sales Change Not Meaningful