Reflections on 2013; What's Important, What's Not? What's Ahead?
MishTalk
JANUARY 3, 2014
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. 2013 is likely to be the tip of the bubble belief in Merkel. At long last, the Fed has finally started to taper. Here we are. Spain''s unemployment is a massive 26%.
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