Wednesday, May 22, 2013

High-Priest Bernanke...

...settles the "tapering" issue.

We will continue to purchase what we wish, ALL HAIL THE FED, AND IN CONCLUSION, CARTHAGE MUST BE DESTROYED.

"A premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further."


"many of these participants indicated that continued progress, more confidence in the outlook, or diminished downside risks would be required before slowing the pace of purchases would become appropriate."

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