Ok, but what they are saying is that if the Fed economic forecast(which doesn't seem to materially differ from Blue Chip economists) plays out, they dont raise. So in order for them to raise, we will have to see some kind of economic boom coming out of nowhere. You have talked up this economy saying its good, yet they Fed wont raise
All I've been saying is that they don't have a crystal ball. That 'extended period' language is subject to change if the economy doesn't perform as expected. Given that the Fed cannot forecast the economy any better than my 5 year old, that language has provided me little comfort.
It doesnt provide comfort only to the extent that you are seeing a massive V shaped recovery that forecasters are not. They are telling us in advance what they will do given the likely data, so yes I'm comfortable. Also the economy is allowed to surprise to the downside too(double dips and all)
Soros says 'lets kick the can down the road' http://www.bloomberg.com/avp/avp.ht...//media2.bloomberg.com/cache/vQHMwShVSEd0.asf I'm not sure how this solves the problem if they stay on the Euro. Trichet and co for some odd reason still have 1% rates instead of 0% and no QE measures of significance, this wont help them reach their price stability objectives, inflation could turn out to become japanese like, at least for a while. This will lower nominal GDP growth for EU countries which in turn will hurt their debt servicing capacity
Something just out that sez it's been agreed... Greece, I mean, and it's not official, just some report by a consultancy.
soros said something to the affect of no agrred constituition among the euro members, it could be months before this is resolved,they don't seem to be in agreement on anything
EURO ZONE FINANCE OFFICIALS REACH DEAL ON TERMS OF POSSIBLE LOANS TO GREECE - EU SOURCE INTEREST RATES ON LOANS TO GREECE "ALMOST A CARBON COPY OF IMF TERMS" - EU SOURCE
Are you aware of any authority those goverments have to actually deliver funds to Greece?That is something that I havent read about, as far as I know they would have to submit legislation to their congress or get the IMF to lend the cash
AEP from the Telegraph has written intensively about this and continues to do so. http://www.telegraph.co.uk/finance/...ks-Greek-rescue-as-a-threat-to-stability.html