The temporary negative response to the content of the Fed minutes from its last meeting has proven to be nonsensical, as there is no doubt, and hasn't been any doubt, the global and American economy have really never exited the recession, and that bodes well for those investing in commodities, and specifically gold and silver.
It's probable that the major reason for the Federal Reserve acting like it's in conflict and confusion is for the purpose of keeping the U.S. dollar shored up, as the dollar weakening from the trillions in stimulus caused other currencies to rise against it, affecting their exports. The greenback climbed to a 5-1/2 month high against a basket of currencies on Thursday.
With unemployment jumping 20,000 last week and the Philadelphia Fed's business activity index plummeting to minus 12.5 in February, it shows factory activity has really slowed down. A reading of zero points to contraction. Last month it has plunged by minus 5.8.
Europe is another major problems the mainstream media seems to only occasionally bring up to keep the recovery narrative going, but economic conditions there continue to worsen, and there is little positive in that region in the world to look forward to in the near or medium term.
Food and energy has been rising in price, and even consumer prices outside of those soared by 0.3 percent, the largest gains since May 2011.
Some point to existing home sales as a positive, which rose 0.4 percent in January. The average price of a home has climbed 12.3 percent from a year ago.
The supposition is consumers will spend as a result, but I don't think that's really likely, other than a slight few who may do some refinancing.
A strong economy needs to be in place, or at least perceived to be in place in order for that to happen, and that bubble has burst for most consumers, and it's unlikely we'll see anything in homes that will make a significant impact on the U.S. economy.
In other words, the quantitative easing will continue from the central bank no matter what a couple of the directions may say.