Fed To Dump Its Balance Sheet Onto Unsuspecting Public
KingWorldNews.com
June 19, 2013
On the heels of the Fed decision, today 40-year veteran, Robert Fitzwilson, put together another extraordinary piece. Fitzwilson, who is founder of The Portola Group, discussed what the Fed and central planners are facing and how the Fed will buy time and dump its balance sheet onto an unsuspecting public.
Below is Fitzwilson’s exclusive piece for KWN:
Fitzwilson: “It is popular to claim that there is no exit strategy for the U.S. Federal Reserve and Chairman Bernanke. But in reality it is always a long shot to assume that the Fed is out of options.
We agree with those who suggest a reaffirmation of the criteria for triggering “tapering” to begin. The criteria will tie the action and the magnitude of the tapering to employment, general economic conditions, interest rates and inflation. That said, we would not be surprised to see another announcement about a perfectly plausible path to an exit for the Fed….
The Rest…HERE
