May 26, 2012

I recently have talked about Lindsey Williams' interview on May 16 in which he told of the "crack" in the derivatives market and also the sign of the end being the rise in interest rates.

You can listen to that entire interview here:

http://lindseywilliams101.blogspot.com/2012_05_16_archive.html

Of course, on August 9 last year Bernanke stated that he will keep interest rates at zero until mid-2013.

http://www.forexcrunch.com/fomc-expresses-concern-with-rates-low-up-to-mid-2013/

But a few months later (last January) he said the rates would remain below 1% until the end of 2014. He keeps pushing back the date, since it is obvious that the economy is still in the dumps.

It will be interesting to see what he actually does--or is forced to do by circumstances.