With the world's suckers investors (CEOs, politicians, and peons alike) all hanging on every word the man-behind-the-curtain has to say on Friday, Stone & McCarthy has crafted an excellent 'what-if' of key takeaways and interpretations ahead of Friday's Jackson Hole Symposium speech by Bernanke. Will Draghi toe the line? Will China be pissed? and what rhymes with J-Hole?
Via Stone & McCarthy Research Associates
1. We expect Bernanke will reiterate the Fed's options for providing further stimulus, and its willingness to act "as needed", but not signal any specific policy action or its timing due to proximity to the September 12-13 FOMC meeting.