Anyone scalping the FTSE Futures??

the us markets never seem to do a digest/consolidate movement , wonder if its to do with low volume
 
"They’re printing money because they’re scared of what might happen if they don’t," added Edwards. "This very real political dilemma is what is missing from the simplistic understanding of inflation as “always and everywhere a monetary phenomenon.” It’'s like they’re on a train which they know to be heading for a crash, but it is accelerating so rapidly they’re scared to jump off."

Read more: http://www.businessinsider.com/albert-edwards-fed-printing-out-of-fear-2013-9#ixzz2fLNbQQsG
 
"They’re printing money because they’re scared of what might happen if they don’t," added Edwards. "This very real political dilemma is what is missing from the simplistic understanding of inflation as “always and everywhere a monetary phenomenon.” It’'s like they’re on a train which they know to be heading for a crash, but it is accelerating so rapidly they’re scared to jump off."

Read more: http://www.businessinsider.com/albert-edwards-fed-printing-out-of-fear-2013-9#ixzz2fLNbQQsG

:LOL::LOL: i expect they'll keep flying the odd rumour kite to see how the market takes it - when it doesn't drop like a stone they'll begin it for real (then the market'll drop like a stone :)).
 
UK retail sales a disaster -0.9 vs +0.4 expected. Not a flicker on the ftse.
We truly have lost all touch with reality.

postman check this analysis on UK retail sales from Markit

Consumers pulled back on their retail spending after
raising their expenditure sharply in July. However,
sales are still trending higher and at the fastest rate
since mid-2007, while the economy looks set to have
grown strongly in the third quarter

http://www.markit.com/assets/en/doc...onomics/2013/sep/UK_retail_sales_13_09_19.pdf
 
More Goldman predictions... courtesy of zerohedge.

From Goldman's Jan Hatzius
We now expect the QE tapering process to start at the December 2013 FOMC meeting and to conclude in September 2014, three months later than before. Our baseline is that the first step will consist of a $10bn cut in Treasury purchases. These steps remain data dependent in all respects--timing, size, and composition.
 
I think the economy in the US wont get back to 2007 levels for a long time.
People who lost money, savings, homes, everything will not want to spend in the way they did before and yet that is what the Fed is trying to get them to do.
Its only when a new generation of young people who dont have experience of the 'crash' start spending, that this mess will clear up.

No fed taper in my lifetime. (NFTIML).
 
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