The Benefits Were Supposed to Seriously Outweigh These Costs

By |2014-06-27T17:22:21-04:00June 27th, 2014|Bonds, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

Just a few weeks ago I went through the repo and credit markets with the idea that tapering QE was an act of necessity rather than convenience. Again, the orthodox practitioners at the FOMC will proclaim the economy healed when it clearly is not (an economy does not simply contract 3% and then go on its merry way) to set [...]