http://www.cnbc.com/id/47722809
http://www.bloomberg.com/news/2012-06-07/group-of-senators-work-to-avoid-year-end-fiscal-cliff.html
I can't stop to think it is strange to read some days that tons of cash are on the sidelines and the following days everybody wants more printing. Pmi's are down, let's sell and see if some QE is on the horizon, we'll buy, regardless of the companies while the tons of cash stay on the sidelines.... I guess. At some point, the recovery most want to see can't happen if nobody wants it. Central banks have done their job, acommodative monetary policy has insured liquidy and continue to do so, interbank lending freeze was succesfully fought, a steep depression was avoided but it is now the time for markets and investors themselves to decide what active role they want to play in the recovery because if they don't want any there won't be any recovery. And now is the time as well for leading political figures to deliver the fiscal framework investors, markets and consumers can feel comfortable with and through which they can foresee a future they are able to influence by their actions today and in the future. The sustainable recovery regardless of the immediate harship people are experiencing will come to life as soon as a sustainable fiscal path is delivered in which people understand their role and the timeline while investors do investing and stop running to the shelters everytime the economy suffer some headwinds asking the central bank to print.
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