5 OCT 2010, Tuesday

• "Pay no attention to the man behind the curtain"???  This QE stuff is getting outta hand.

• Above is the US 10Yr T Note interest rate.  Note that rates actually went up at the QE announcement and then went down when it stopped.  The exact opposite of what the Fed said it would do.   

• Above is the US Dollar...Drops when QE (or QE threat) is on and rises when QE is off.  Not good. 
• Whoa...this guy is cheery...not!  However, unfortunately, there is truth in his words.