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. Expect more on this in 2014. There is no clear leadership in the movement. Will it happen in 2014? At long last, the Fed has finally started to taper.
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