Friday, August 26, 2011

Good Morning....All eyes on Jackson Hole.

Fed Chairman Ben Bernanke is due to give his much anticipated speech at Jackson Hole later today, and while markets rose earlier this week partly on hopes of QE3, there is little expectation he will announce further bond buying. Instead, Bernanke may unveil more modest measures to boost the flailing economy, although Rob Parenteau of The Levy Economics Institute believes it may be time to finally realize that central bankers "are not the omnipotent demigods that a generation of investors has expected them to be."

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