Tuesday, December 14, 2010

Santelli: Clarity from Fed? No. Inflation? Yes.

Santelli: Clarity from Fed? No. Inflation? Yes. - CNBC
"Yet, since the last meeting 10-year rates are up close to 100 basis points!
I am not sure what amazes me more — the fact that the Fed didn’t even MENTION the rate rise in today’s statement, or that many believe the various purchase plans have been “successful.”
How can a program that was designed to drive rates lower be deemed a success if rates are now sharply higher?"

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