Wednesday, August 21, 2013

The "Unwinding Of Unsustainable Speculative Positions", Or How The Fed Welcomes The Popping Of Its Own Bubble

http://www.zerohedge.com/news/2013-08-21/unwinding-unsustainable-speculative-positions-or-how-fed-welcomes-popping-its-own-bu

"Some participants also stated that financial developments during the intermeeting period might have helped put the financial system on a more sustainable footing, insofar as those developments were associated with an unwinding of unsustainable speculative positions or an increase in term premiums from extraordinarily low levels."

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