¿Exageramos la influencia de la FED en los mercados?

http://research.stlouisfed.org/publications/es/article/9644

Of course, the claim that Fed policy is exerting downward pressure on interest rates, especially at the short end of the yield curve, has some merit. The quantitative impact of Fed policy on longer rates, however, is debatable. The reason for this is because an elevated worldwide demand for U.S. Treasury securities is keeping yields low independently of Fed policy. The possibility that forces outside the Fed have a large impact on yields is suggested by the data in the chart. As the chart shows, the vast majority (85%) of marketable U.S. Treasury debt is held outside the Fed and is close to the average ratio held over the past 20 years.

pero ojo y la expectativa de los inversores internacionales de q no subira tipos?

http://www.libremercado.com/2012-12-17/juan-ramon-rallo-no-es-por-bernanke-66785/

referenciar a quien controla los mercados..

discusion aqui http://www.businessinsider.com/sum-zero-bear-us-stocks-presentation-2013-3#the-bull-case-stocks-are-cheaper-than-bonds-europe-is-relatively-calm-and-qe-is-making-equity-markets-stable-10 sobre influencia de la FED...