Quote of The Day: The Fed Is Concerned About A Japanese-Style Economy...

“The Fed outlook was so extreme they have to be worried about a Japanese-style no-growth deflationary environment. ”

Harvard Professor, Niall Ferguson

"The Fed has made it clear they intend to be accommodative and proactive, and now I can assume that 'short' rates will remain effectively zero for three years, rather than a year and a half."

Christopher Molumphy, Chief Investment Officer, Franklin Templeton Fixed Income.