Submitted by Tyler Durden on 12/12/2012 14:49 -0500
Bond
It has been three years and nine months since the Fed announced 'real' QE1. Presented for your convenience below is the market's reactions then and for comparison we have included today's reaction. It seems the markets - whether Gold, FX, or Treasuries - have become numb (or engorged) on the Fed's actions. This leaves us with the sad conclusion, which the Fed will be last to acknowledge: the ammo, it's gone. It's all gone.
EURUSD - rose 370 pips on the announcement of QE1, rose 45 pips on QE4..
charts,,,,,,,,,,,,,,,,,,and more REALITY!!!!!!!!!!
http://www.zerohedge.com/news/2012-12-12/out-ammo

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.