Mark ... Everything you have been told is a LIE
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Bernanke Delivered
The FOMC delivered everything I expected - and more. This was a very strong move and I suspect many analysts are underestimating the potential positive impact on the economy. However, as Fed Chairman said, monetary policy is "not a panacea". I do think this will help, but this will not solve the unemployment problem. Here are a few key points: • Forward guidance is a critical part of Fed policy (see Michael Woodford's paper presented at Jackson Hole). The FOMC didn't go as far as targeting nominal GDP, but they took two key steps today: 1) they extended the forward guidance until mid-2015, and 2) the FOMC made it ... (full story)
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Anything can happen in FOREX. There's no 100% sure
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Anything can happen in FOREX. There's no 100% sure