The New CS Board

[nowwhat2]

Re: Yesterdays interview of John Bullard by Bloomberg :

http://www.fxstreet.com/analysis/daily-world-market-update/2014/10/17/
As soon as we started to see these latest ructions, we believed that it was only a matter of time until a research note or comment on additional monetary stimulus was published. As we said on Wednesday, with the Fed stepping off the bond buying stage by closing off its QE plan at the end of this month, we have to wonder just how rates would go before intervention from the central bank. Yesterday, Federal Reserve member Bullard told Bloomberg that the Federal Reserve ‘should consider a delay in ending quantitative easing’.

There are a lot of things that are surprising about that statement. Possibly the most surprising is that it has taken only two days of volatility to take a member, albeit not a voter this year or next, of the most powerful central bank in the world to feel the need to raise the prospect of a reversal of 11 months of policy. We have to remember that the tapering of asset purchases from the original level of $85bn a month is nearly complete; the Fed is currently only spending $15bn a month on treasuries and mortgage backed securities at the moment.
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Just 2 days of volatility ?......Like, try about 12.
Regardless, even just 12 days (of chart breakdown action), is/was all that it took for the Feds to start appeasing....Lol - them bleeding skags....How terrified they've become of 200 day sma's !