...the Fed's balance of power is about to shift substantially. With under 30 days left in 2011, the current roster of 4 rotating voting Fed governors is about to be swept out, only to be replaced with 4 new ones. Yet as the chart below from SocGen shows, the rotation will probably be the most dramatic in Fed history as 3 die hard Hawks (and 1 dove) are eliminated only to be replaced with a panel which is almost exclusively Dovish. In fact, at the end of the day the only modest Hawk on the Fed's voting committee will be Richmond Fed's Jeffrey Lacker (the only member to vote against the drop in FX swap line rates), and even he in the past has shown his dovish wings....
Raed the whole post at Zero Hedge
When Doves Laugh: 4 Weeks Until The Quiet Coup In The Fed Gives QE3 A Green Light
by Tyler Durden
Hyperinflation is just around the corner, right?
1 comment:
OK
In addition to finding out the Goldman Anglo Saxons who work in government ...
what about finding out the complete supply chain of architecture for the derivatives that caused all of this ?
the libertarians claim they are Anti-war, but hardly uncover the military complexes which actually make the military more prone to redundancy and error.
There are mathematicians and physicists sitting at universities who are tenured and push these models to outsourced agencies ( Goldman Saxophonies etc ) who implement them into the markets.
The 99% should start with getting some of these public school professors untenured since they are paid with tax money and private research monies ( from Goldman Saxons ) to make these processes.
At least picket in front of the science and research buildings at universities.
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