Submitted by: Donald Hank
The Fed Disappointed... The Great Collapse is Here
Submitted by Phoenix Capital Research on 09/22/2011 05:55 -0400
I've been warning for weeks now that the Fed would disappoint with its September meeting. And boy did it.
As I forecast, the Fed didn't announce QE 3. In fact, it didn't announce any new policy of note. Instead it is simply reshuffling its holdings to focus more on the long end of the bond markets.
