Comments on: Redacted Version of the FOMC Statement http://alephblog.com/2008/10/29/redacted-version-of-the-fomc-statement-2/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Sun, 12 Feb 2012 22:02:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Terryhttp://alephblog.com/2008/10/29/redacted-version-of-the-fomc-statement-2/comment-page-1/#comment-19602 Terry Thu, 30 Oct 2008 14:18:28 +0000 http://alephblog.com/?p=1078#comment-19602 Appreciate your parsing the two FOMC comments. Wow, what a difference a month makes! Still, I have to wonder why they didn't have this far more realistic view, say, six months or more ago. They have been extremely slow to acknowledge reality publicly, although I bet they all had this assessment about the economy's future months ago. ...and, if FOMC statements are a LAGGING indicator of the realt economic situation as this one seems to be, I really hate to think what it will look like six months from now. Appreciate your parsing the two FOMC comments. Wow, what a difference a month makes!

Still, I have to wonder why they didn’t have this far more realistic view, say, six months or more ago. They have been extremely slow to acknowledge reality publicly, although I bet they all had this assessment about the economy’s future months ago.

…and, if FOMC statements are a LAGGING indicator of the realt economic situation as this one seems to be, I really hate to think what it will look like six months from now.

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