Minutes from the June FOMC meeting came out today. They revealed that a few Fed policy makers believe the central bank will probably need to take further action. Whether you think the Fed has failed by doing too much or too little, there is plenty of evidence it has succeeded in propping up the stock market. But are there signs even this is coming to an end? And though Fed members may expect moderate growth looking forward, Mike Shedlock, Investment Advisor for Sitka Pacific Capital, explains why he thinks the US is already in a recession.
Thursday, July 12, 2012
Capital Account with Mish
Jul 11, 2012 by CapitalAccount
Minutes from the June FOMC meeting came out today. They revealed that a few Fed policy makers believe the central bank will probably need to take further action. Whether you think the Fed has failed by doing too much or too little, there is plenty of evidence it has succeeded in propping up the stock market. But are there signs even this is coming to an end? And though Fed members may expect moderate growth looking forward, Mike Shedlock, Investment Advisor for Sitka Pacific Capital, explains why he thinks the US is already in a recession.
Minutes from the June FOMC meeting came out today. They revealed that a few Fed policy makers believe the central bank will probably need to take further action. Whether you think the Fed has failed by doing too much or too little, there is plenty of evidence it has succeeded in propping up the stock market. But are there signs even this is coming to an end? And though Fed members may expect moderate growth looking forward, Mike Shedlock, Investment Advisor for Sitka Pacific Capital, explains why he thinks the US is already in a recession.
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