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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (44993)	4/11/2012 9:44:39 PM
From: ggersh	Read Replies (1) \| Respond to of 71456

Do I hear 16.....17-vbg- Bernanke's Right Hand Dove, Janet Yellen, Hints At ZIRP Through Late 2015Submitted by Tyler Durden on 04/11/2012 - 19:23 Ben Bernanke Crude Crude Oil Fail Federal Reserve Gross Domestic Product Housing Market Housing Prices Janet Yellen Market Conditions Monetary Policy None Output Gap Personal Consumption Quantitative Easing Recession recovery Risk Management Sovereign Debt Unemployment Unemployment Benefits Last week we had the Fed's hawks line up one after another telling us how no more QE would ever happen. We ignored them because they are simply the bad cops to the Fed's good cop doves. Sure enough, here comes Bernanke's right hand man, or in this case woman, hinting that one can forget everything the hawkish stance, and that ZIRP may last not until 2014 but 2015! Which, by the way, is to be expected: since ZIRP can never expire, it will always be rolled to T+3 years, as the short end will never be allowed to rise, until the Fed has enough FRNs in circulation to absorb the surge in rates without crushing the principal, as explained yesterday. zerohedge.com