Sunday, June 30, 2013

Historic Mistake Watch -

Historic Mistake Watch -

 "When the Fed began its talk of “tapering” asset purchases, I warned that it might turn out to be a “historic mistake”. I guess the historic bit is still up in the air; but the mistake aspect is now glaringly obvious. Bond prices have plunged, and the Fed’s attempts to inform markets that they’ve got it all wrong have only modestly mitigated the impact."

'via Blog this'

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