Skip to content
Archive of entries posted on 18th December 2013

To taper, or not to taper?

The Fed meets today to taper or not to taper. If it announces it will taper, the market falls. If it announces it will postpone tapering, the market will rise. This is irrational. But no one says the market is rational. Or that tapering works. Remember tapering came out of Washington, which is, as the […]