Fed Wants to Hoodwink Public - Only Fooling Itself

Caroline Baum

From Bloomberg by Caroline Baum - If I were a central banker, I would be afraid. If I were a central banker getting ready to embark on another round of quantitative easing, I would be very afraid. Here’s why. Central bankers in the U.S. are being bombarded with market-based signals suggesting their fears of deflation, or falling economy-wide prices, may be misplaced. Gold prices continue to set new highs. The U.S. dollar, the global reserve currency, keeps sinking amid expectations the Federal Reserve will dilute the existing stock starting at its Nov. 2 to 3 meeting. Read more here:

Fed Wants to Hoodwink Public - Only Fooling Itself