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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST
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To: TobagoJack who wrote (103611)11/6/2013 9:34:05 AM
From: carranza2  Read Replies (3) of 217619
 
Shame the Fed Heads don't read us. Here's a quote from today's Daily Pfennig, a true 'well, duh!' moment:

>>>>>Hey! Another U.S. Fed Head had his epiphany about the economy yesterday. San Francisco Fed President, John Williams, fessed up about the economy saying that, "Up until recently, I was thinking we would start seeing more of that self-powered growth in the second half of this year. Unfortunately, that's not really been happening and we haven't seen a real pickup. We're still a long ways from where we want to be."

So. It's apparent that the economic growth that Williams was looking for has fallen short of his expectations, and now he's losing faith that the labor markets' gains will endure without monetary stimulus..
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