Many many thanks to the folks over at Agora for sharing this is their 5 minute forecast (http://www.agorafinancial.com/5min/).Where are we headed with this mess? And there has been an open acknowledgment that they are making this up on the fly? Say What? Absolutely. Regarding the use of the various funds and facilities, and what will or will not work, it has been loosely stated that there are no history books, we have to make it up as we go along.
“We can’t look back to recent history” as a guide for what to do, Mark Gertler, a New York University economics professor who has collaborated with Fed Chairman Ben S. Bernanke on research, said in a Bloomberg Television interview. “We really do have to make it up as we go along.” http://www.bloomberg.com/apps/news?pid=20601109&sid=aqVbqmFMfB9k&refer=home
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