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Bernanke and the Fed happen to telling us for nearly a year that they'll begin to tighten the extraordinarily lax monetary environment once you can apply solid signs that the economy is picking up in a sustainable way. We knew well before Bernanke's speech that the Fed offers cease its $85 billion in monthly bond purchases once unemployment drops below 6.5 percent (it stands at numerous.6 percent now), as long as inflation stays below roughly 7.5 percent in the interim. Inflation is actually running well below that level, about 1.4 for each. Bernanke has also signaled that the central bank will not begin lifting short-term interest rates, currently near zero, until software program has stopped the bond purchases as well as other so-called quantitative easing, or QE.

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Greece - I will be remiss generally if i didn't include this component as the key pressure during the markets. The proposed trillion euro bailout seems dubious at best. Lest we forget weeks was required to raise just $30 billion and now somehow the finance ministers got together over the weekend and $700 billion was pledged?! Now these ministers must go back to their respective countries and try to get credit. This funding request should undoubtedly tough be sold. After all, the German people recently voted the ruling party regarding one house after the best 40 bil Euro bailout. In fact, rumor has it a reintroduction on the German Mark may remain in the offing. How about England? Offer yet to participate in in any bailout now elections have formulated a coalition (read: do nothing) feds.

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