- No reason to pull back from stimulus
- Would be surprised if Fed does not complete QE2
- Need for QE2 has fallen; deflation risk has diminished
- Important not to over-estimate disagreements on the FOMC; reasonable people can disagree
- FOMC will do a timely, effective exit
This guy must be long oil, grains and gold out the ying-yang…Wonder if he closed his account at Goldman when he left…
