Quick Comments

Yesterday's FOMC minutes [1] show the Fed is once again warning us of a prolonged period of inflation decline:

Most Fed officials expected “subdued and potentially declining wage and price inflation over the next few years,” the minutes said. “A few saw a risk of substantial disinflation.”

bhc investment:

• Don't even believe a single word of it! The Fed remains as clueless as ever! We didn't buy into this sort of crap when Roubini was warning us of deflation, nor will we buy into this!
• Trail stop or hedge your Yen trade.
• We are looking to add to our position in Crude.

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Reference:

1. Fed Tries to Prepare Markets for End of Securities Purchases

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