Submitted by Tyler Durden on 03/12/2012 - 18:23 Unemployment
While largely uneventful to most, the tomorrow's FOMC statement redline to the January one will be promptly scoured by algos everywhere for even the tiniest mention of the word inflation, as that will not only push back any hopes for a quick QE episode, but may temper expectations that ZIRP will last through 2014 (as the shaky 3 Year auction earlier indicated). And if JPMorgan's Michael Feroli is right, inflation is precisely what will be Bernanke's oh so observant mind tomorrow. In which case at 2:15pm watch out: the Chairsatan may just pull the punchbowl away as the Hawkish dissent mounts... if only until the market has a downtick of course, which will threaten to destroy the ever flimsier hollow house of ponzi cards, or something, and the chief fireman comes scrambling back with the firehose spraying trillion dollar bills.
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http://www.zerohedge.com/news/jpm-expects-fed-acknowledge-inflation-tomorrow-hawks-continue-dissenting
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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