Thursday 24 February 2011

The Central Bankers are now on board...one by one they all will be

Fed's Hoenig: Big banks too risky, rates too low

"You shouldn't tell the market that you will have very low interest rates for an extended period of time because it invites speculation," he said. The Fed has said it expects to keep overnight borrowing costs, which are close to zero, "exceptionally low ... for an extended period."

hmmm...you shouldn't, but we have...but we shouldn't have...

source: http://www.reuters.com/article/2011/02/23/us-usa-fed-hoenig-idUSTRE71M4T020110223?pageNumber=2

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