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American Capital Agency Corp. Message Board

  • walrus8 walrus8 Jun 7, 2013 3:02 PM Flag

    Ben and the Fed

    "Federal Reserve officials are likely to signal at their June policy meeting that they're on track to begin pulling back their $85-billion-a-month bond-buying program later this year, as long as the economy doesn't disappoint."

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    • This is similar talking head BS I've been hearing since 2008 about ZIRP. Back then Becky Quick would turn every FFR setting into a suspenseful media event, and when ZIRP stayed put every time she'd say "well, next month for sure then". Now FFR is a non-event, ZIRP is accepted as the new norm and they've latched on to taper talk to attract viewers.

      But the boring truth is that there's absolutely nothing going on. Nothing. No inflation, no wage growth, no labor force participation rate growth, nothing. That truth is not very suspenseful and won't attract viewers like taper talk suspense accompanied by Becky's Bouncing Beauties does.

      I believe Gundlach when he says TNX will be 17 by years end, and I think it's a great time to be an MBS buyer right now.

      • 1 Reply to taymere_lane
      • tay, that's exactly the problem. i feel like puppet with the FED pulling the strings.
        as others have repeated, the FED sends different signals & the media will take what is said and spin it away way they want. i don't take lightly to being controlled in that fashion.
        And FWIW - Greenspammer chimed in today stating that he thought the FED should begin tapering.

        as i mentioned to ray in another thread, i am going to sit this one (aka mREITs') until i see the whites of their eyes as well as positive trend - but that's just me.

        GL tay, and have a good weekend. a few patron silver shooters should fix me up quite nicely!

    • The market raised today on the Feds key that QE would continue. Big Bens fart two weeks ago cost me three months of gains. I will not jump back in because the Fed changes the talking points. When QE ends and higher interest stabilize I will come back to the market. Until then I little Preferred and quick trades. Other than that to hell with it.

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