The Traderszone Network

Published in TZ Latest News 19 August, 2014 by The TZ Newswire Staff

Summing Up Fed Policy In 2 Words: Vroom… Crash

Submitted by Scotiabank’s Guy Haselmann,

In Loving Memory of Dear Great Aunt Addy

Hear ye, hear ye, Fed policy is hereby bestowed the name “Great Addy Policy” in memory of my great aunt who drove with one foot on the accelerator and one foot on the brake. This is fitting since the FOMC is physically applying the brake by ending its asset purchase program in October, while simultaneously blowing hot air into the accelerator in the form of promises of continued accommodation.

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