On the Fed’s tapering and the volatility in Japan

Yesterday, Ben Bernanke said that the Fed would start to wind down its QE program sometime this summer as I indicated early last week I believed the timetable would be. Market pundits believe these remarks triggered a sell-off in global equities, with Japan being hardest hit as the Nikkei fell 7.3% this morning. I was more concerned about the poor Chinese PMI print. But if the pundits are right, it is an extraordinary move into risk-off thinking given that the Fed had telegraphed its intentions....

As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More