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Early 2013 is notable for the diminishment of global macro uncertainty (presentation), says St....

Early 2013 is notable for the diminishment of global macro uncertainty (presentation), says St. Louis Fed chief and FOMC voter Jim Bullard, and this bodes well for the U.S. economy. It's hard to know whether this recitation of the conventional wisdom is having effect, but the DJIA sinks to its session low, -0.4%.
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  • june1234
    , contributor
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    I liked Morgan Stanley calling Spain the next Germany better.
    http://bit.ly/YrtsLo
    13 Feb 2013, 12:31 PM Reply Like
  • thechaser
    , contributor
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    no i like rhodesia, they have already been completely destroyed so no where to go but up
    13 Feb 2013, 12:48 PM Reply Like
  • Ray Lopez
    , contributor
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    Fed's Bullard is whistling past the graveyard. Wait until Cyprus defaults in a few months then get back to us...
    13 Feb 2013, 01:13 PM Reply Like
  • wmateri
    , contributor
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    There's certainly less reported uncertainty in the MSM but I think everyone just got tired of the gloom and doom. Now is the time to be very careful; no one's looking.
    13 Feb 2013, 01:36 PM Reply Like
  • Whitehawk
    , contributor
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    Other sources are reporting that Bullard said that the Fed could slow the bond buying pace in 2013 if the economic news is strong. I don't see that explicitly in the attached presentation. Even if we get stronger economic reports, will the Fed stop? Probably not, but I'd like to be wrong on that.
    13 Feb 2013, 03:41 PM Reply Like
  • wmateri
    , contributor
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    The Fed can only stop in one of two ways without crashing this market: 1) verrrrry slowly, or 2) secretly. In this vein, good employment news has to be seen as bad market news, the minute the Fed even hints at stopping the printing presses. This is the opposite of 2011/12 when every bad employment statistic was cheered by the market because it knew the Fed would be printing even more. So there might be little doubt they can unwind from the massive money supply, but I wonder if they can do it without precipitating a big market drop.
    13 Feb 2013, 07:26 PM Reply Like
  • asteig
    , contributor
    Comments (2) | Send Message
     
    But wait if there is less uncertainty the job creators are going to hire
    13 Feb 2013, 03:42 PM Reply Like
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