It means the FED is confused. None of the FED policy has worked. No surprise, the policy comes from the year 1930 as we explained in many prior posts.
We do see an advance-warning that more USD will be printed once the FED has time to make up a phony name for the action, e.g. QE3 would not be "money printing for a third time" rather it would need to be an MBS "purchase" program "targeted-at" something or other. The words need to be crafted and are not made-up yet.
Long and short? As we have said, watch out for the printing presses! They will turn your money into monopoly money... we should all get monopoly boards for Christmas so we have something to use our USD for(!)
