GOLDMAN’S HATZIUS: FED WON’T CHANGE RATES IN 2010
6 November 2009 by Cullen Roche
5 Comments
Another full year of “accomodative” Fed policy according to Goldman:
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Comments
Wasn’t this the guy that predicted last week that GDP would come in at 2.7%?
And the guy that predicted 200K losses this morning….
Un-f__king believable. The Fed will trash the dollar just so we don’t have any deflation. Would love to be the central bankers of other countries. I guess they have all rolled over and have shown what a weak hand they have.
I really can’t wait to see what will come of all of this. It is such a grand experiment and I am quite certain it will end poorly. Perhaps then we will have enough evidence to properly regulate the banks and the Fed?
The oil prices will rise and I totally agree with Roubini in this case. This could really hurt the recovery. If the government/fed is continuing with its policy they better put some regulations against oil speculations otherwise we just going to see the oil prices rise and we will be just back where we started.
Roubini:
“Should oil prices continue to be fed by excess liquidity and speculation, oil at $100 could be as “a hammer on the head” of the nascent global recovery”