Comments on: The Fed Funds Target Rate is an Exercise in Futility (II) http://alephblog.com/2008/12/16/the-fed-funds-target-rate-is-an-exercise-in-futility-ii/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 21:31:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: matthttp://alephblog.com/2008/12/16/the-fed-funds-target-rate-is-an-exercise-in-futility-ii/comment-page-1/#comment-20409 matt Wed, 17 Dec 2008 00:48:31 +0000 http://alephblog.com/?p=1258#comment-20409 But hey, equities and corporate fixed incomes screamed higher today. I can't even begin to imagine what drives the markets these days. All of the big moves for the past 6 months have been in response to government actions or rumoured government actions (taken or not). The government is a man standing in front of a tidal wave with his hand out. But hey, equities and corporate fixed incomes screamed higher today.

I can’t even begin to imagine what drives the markets these days. All of the big moves for the past 6 months have been in response to government actions or rumoured government actions (taken or not).

The government is a man standing in front of a tidal wave with his hand out.

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