Theyve known it for months they also know the senate will acquit and there is virtually 0 chance that the president will be removed from office and so the markets again have not responded to the negative way they havent really responded at all look at that and while politicians might lie. Numbers do not exactly and this is exactly what happened last friday when the parallel trader on trade deal was announced everybody expected the market to react as he said like i love the word political theater because thats what exactly what it is just like before us trade theater thats right we know we know what the outcome is going to be today theres not going to be any surprise and we know what the outcome will be one of the ultimate moves of the senate so the markets as youve said have already priced all of this and have a not exactly so its i actually dont understand why we have so much coverage when really its going to be a moot point all of this is just going to be thrown out ultimately thats
Said like i love the word to use political theater because thats what exactly what it is just like before us trade theater thats right we know we know what the outcome is going to be today theres not going to be any surprise and we know what the outcome will be one of the ultimate moves of the senate so the markets as youve said have already priced all of this and have a not exactly so its i actually dont understand why we have so much coverage when really its going to be a moot point all of this is just going to be thrown out ultimately thats where it goes so again we know that even as they debate this will ultimately by thursday will have an impeachment and it will go anywhere from there not really market moving is that right. French government and unions are facing up wednesday over the highly controversial Pension Reforms we are now 14 days into a crippling transport strike that has left businesses damaged and commuters frustrated massive numbers of protesters took to the streets a
To Monetary Policy. Rates will be staying where they are right now, which is close to zero, of course. Until at the very least the jobless rate falls to 6. 5 . We can only cross our fingers wherefore when that might be. Ben bernanke says these changes will make the central bank more transparent adding they can only help the markets. The central bank ramped up its Asset Purchase Program adding 40 billion to its 40 billion a month purchases of mortgagebacked bonds. He spoke about the objectives during wednesdays news conference. The asset purchases and the rate increases have different objectives. The asset purchases are about creating near term momentum in the economy, trying to strengthen growth and job creation in the near term. And the increases in the federal funds rate are about objectives. On that note, lets get dinos take on the latest move. Grpg month. For you, this was expected. The 85 billion was expected. The move to the thresholds, that is, i think, we expected it was happen