Here is an amusing as well as accurate assessment of the Fed’s forward guidance policy in comic form, courtesy of The Telegraph and Steen Jakobsen, chief economist of Saxo Bank, who sent me the link.

Inquiring minds and comic addicts may appreciate more from Alex, including a 15 part series It’s a Wonderful Crisis

Mike “Mish” Shedlock

Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.