Latent market risks
Posted by seumasach on June 26, 2013
“I believe that key Federal Reserve officials are begrudgingly coming to terms with the reality that the risks of ongoing huge QE outweigh the rewards.”
Doug Noland
24th June, 2013
It was a rout: emerging markets, Treasuries, municipal bonds, mortgage-backed securities (MBS), commodities and even some stocks. The hours leading up to Wednesday’s statement by the Federal Open Market Committee and Federal Reserve chairman Ben Bernanke’s press conference provided good television drama. CNBC’s Rick Santelli offered one of the better rants in a while: “Ben, what are you afraid of?” Mr Santelli returned minutes later with a provocative back and forth with Wall Street Journal Fed-watcher John Hilsenrath.
In These New Times 
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