“Future, constructive Federal Reserve behavior – purportedly moving towards normal monetary conditions in the currently unfolding, perfect economic environment – is pre-conditioned by a continued flow of ‘happy’ economic news,” Williams writes. “Suggestions that all is right again with the world are nonsense,” he continues. “The 2008 Panic never has been resolved, and the Fed soon will find that it has no easy escape from its quantitative easing.”
Posted on: Sat, 27 Dec 2014 02:35:29 +0000
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