Fed Fake Taper Means Loose Money Forever
Fed Fake Taper Means Loose Money Forever by Fintan Dunne, 19th Dec 2013 @ 11pm ET The latest Taper Caper has been a propaganda-enabled total misdirection. In truth, the Fed's feeble Taper was an admission of defeat, wrapped in a cloak of token austerity. In truth, it was the final capitulation to the new abnormal. A guarantee of broken markets and stealth confiscation from savers for the foreseeable future. It was not the beginning of the end to loose money. It was the entrenchment of that policy. To uncover the truth of the Federal Open Market Committee statement, watch the modifying words - not the impressive-sounding financial phrases. For example, words like " if " and " however ", give the lie to the Fed's headline plan to continue to Taper by degrees: If incoming information broadly supports the Committee’s expectation of ongoing improvement in labor market conditions and inflation moving back toward its longer-run objective, the Comm...