Last night the minutes of the last FOMC – the meeting at which the central planners at the US Federal Reserve (central bank) decides how much money it will print – said it might stop printing money soon. The market sold off sharply following the release of the news.
In this regard, Gareth Brickman sends along the following:
“Bernanke indicated the Fed is still months away from raising rates or draining most of the stimulus money it injected to rescue the financial system.”
This was 3 years ago…
PS. MOPE = Management Of Perception Economics.