I enjoyed this commentary from Yves: Is the Fed Going to Dial Down Its Taper Talk?
There is a two day FOMC meeting next week that is most likely to be an opportunity for speculation and jawboning.
Have a pleasant weekend.
"FOR WE WRESTLE NOT AGAINST FLESH AND BLOOD, BUT AGAINST PRINCIPALITIES AND POWERS, Against THE RULERS OF DARKNESS IN THIS WORLD, AND Against SPIRITUAL WICKEDNESS IN HIGH PLACES. THEREFORE TAKE ON THE WHOLE ARMOR OF GOD, THAT YOU MAY WITHSTAND THE evil of these DAYS AND, ALL THINGS HAVING BEEN DONE, TO REMAIN STANDING... PRAY THAT FREEDOM OF UTTERANCE REMAINS, THAT WE MAY PROCLAIM THE GOOD NEWS. PRAY THAT WE MAY DECLARE IT WITHOUT SHAME, AND WITH COURAGEOUS LOVE, AS WE OUGHT TO DO." EPH 6:11-20
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.