Central banks  Fixing forward guidance  The Bank of England is
doing a better job at explaining its intentions than the Federal
Reserve  See article  Readers' comments   Mickey Mountain  All
QE has done is make already rich people richer, and the poor
poorer. Responsible savers and senior citizens are paying the
price for the financial sector's profligacy and fraud.  c r
williams  The status of today's 'forward guidance' is akin to
two 6YO boys facing a urinal wall. Whether Yellen or Carney
blinks first depends on each 'bladder capacity'.  Whether they
like it or not, forward guidance is a 'monetary straightjacket'.
So far, they have each tried unsuccessfully to lockin real-
economy parameters (unemployment trends) to what is essentially
a monetary market mechanism. What is the real purpose of
'forward guidance'?  In my mind, it is to indicate when
inflation will be catalysed to takeoff, and to take off with a
vengeance. Both Carney and Yellen know inflation is the only way
to flush certain characteristics fro