] Based on this week's clubbing of the fixed-income market,
] it appears to me that the Fed has lost the confidence of
] the fixed-income market. Going forward, if this market
] begins to act like a vigilante instead of a liquidity hog
] and the dollar continues to go south while precious
] metals firm, it would be the clearest statement that the
] markets have at last concluded the Fed has blown it.
]
]
] Of course, the Fed blew it a long time ago. The only
] question has been when the masses would come to that
] conclusion

The Fed has lost the bond market’s confidence