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. There is no clear leadership in the movement. Stay an extra day and golf or travel. At long last, the Fed has finally started to taper. Here we are.
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