Wednesday, December 2, 2009

FOMC's wide range forecast!

Obviously, no one at the FOMC is ready to commit on a narrow range as far as economic forecasts go.

As David Rosenberg said in his update this Thanksgiving, FOMC estimates are quite wide. Take a look at his charts on this.

Yes, these are the same guys who in 2008, thought that the sub prime crisis was contained, and that the U.S. economy was in decent enough shape.
And these are the same people who today, are encouraging individuals to spend rather than save, even borrow and spend to save the U.S. economy!
Listen to David Rosenberg - he's one guy who has been consistent in his views all along, and he DOES NOT think that the risk reward ratio for ''risky assets'' favours an investor today!

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