Wednesday, September 18, 2013

Tale of the (non)Taper

The FOMC announced that QE will continue for the time being. No cutting back on the monthly asset purchases.

Check out these graphs:

Stock prices and bond prices both went vertical with the announcement.

I wish the next Fed chair a hearty "good luck" with their exit from QE and clean up the Fed's balance sheet policy. They are going to need it.

1 comment:

Gerardo said...

Please don't Fed the Bears.