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Reflections on 2013; What's Important, What's Not? What's Ahead?

MishTalk

Had I suggested in 2007 that the Fed balance sheet expansion of $75 billion a month would have been considered "tightening" people would have thought I was nuts. The islands are not much more than a group of rocks barely breaking the ocean''s surface. "The At long last, the Fed has finally started to taper. Here we are.