One of the reasons I bailed out of college was economics. I knew I was learning nonsense, and I could not stay awake.

Here’s the latest fed mumbo-jumbo card dealing nonsense statements. Does anyone really believe they have a clue what they are doing?

This passage is full of magic/occult numbers.

The survey of 54 economists followed Bernanke’s press conference yesterday, in which he mapped out a timetable for an end to one of the most aggressive easing strategies in Fed history. His remarks prompted economists to predict a faster reduction in purchases: in a June 4-5 survey, only 27 percent of economists forecast tapering would start in September.

Fed Seen Tapering QE to $65 Billion at September Meeting – Bloomberg.

h/t Banazir

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