We’re absolutely confident of their abilities to do so.
Wall Street Worries Washington Will Wreck Economy – CNBC Survey
Wall Street’s concerns about Washington are escalating, with the December CNBC Fed Survey finding growing investor angst about a recession, the fiscal cliff and the Fed’s monetary policy.
The 48 economists, fund managers and strategists who responded to the survey rank the “fiscal cliff” as the top threat facing the U.S. economy and, partly as a result, put the chance of recession in the next year at a 13-month high of nearly 29 percent.
…Chris Rupkey of Bank of Tokyo-Mitsubishi said the Fed “wrecked the money market and now their actions are wrecking the bond market… As long as they keep doing this it tells the public the economy is still not right in their view. This policy is starting to look like a mistake.“