Please give up the idea that the Fed can do what it wants. It looks like it can in the short-run, but in the long run markets do what they want, and the Fed has to respond, rather than lead.

~ David Merkel

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s