2014-01-0924hgold.com

``... on December 18, outgoing chair Bernanke announced, with much fanfare, that the taper would happen after all, early in the first quarter of 2014 ­-- after he is safely out of his office in the Eccles building and back in his bomb shelter on the Princeton campus...  The only catch here, as I write, after the latest taper announcement, is that interest on the 10-year treasury note has crept stealthily back up over 3 percent. Wuh-oh. Not a good sign, since it means more expensive mortgages and car loans, which happen to represent the two things that the current economy relies on to appear "normal." ... my guess is that they'll pretend to taper in March, and then they'll just as quickly un-taper''



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