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We are no longer in a crisis, so we should step away from crisis thinking, Philadelphia Fed...

We are no longer in a crisis, so we should step away from crisis thinking, Philadelphia Fed chief Plosser tells CNBC, going on to say a rate hike could be coming in 2012. The similarities between 2011 and 2012 continue to grow. It was about this time last year Fed hawks were floating 2011 hikes ... just as the economy was set to roll over.
Comments (4)
  • The Geoffster
    , contributor
    Comments (4013) | Send Message
     
    The old misdirection play.
    29 Feb 2012, 07:28 PM Reply Like
  • thechaser
    , contributor
    Comments (521) | Send Message
     
    you bet; let's see, taken on a monthly basis, snp500 moves up 4% per month for jan and feb 2012; approx 8% total 1257-1365; unbroken to equal jan95-jan96 would be year ending 1900 snp500; anybody out there in seekingalpha land think that we will have an snp500 pushing 2000 by the end of this year? just 20% gives us 1500 and we have already moved 40% of that in 2 out of 12 months... hmmmmm
    29 Feb 2012, 10:14 PM Reply Like
  • JohnLocke
    , contributor
    Comments (381) | Send Message
     
    More FED Kabuki Theater...
    29 Feb 2012, 10:19 PM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    Good cop, bad cop, good cop, bad cop kind of play. The FED said that they would be more transparent. Then they come out with all sort of contradictory statements. I can't imagine that this is not rehearsed to a certain extent. Also, Plosser is not a voting member. I think that they are trying to build some sort of confidence in the currency while maintaining their mega easy policies.
    1 Mar 2012, 03:48 AM Reply Like
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