Submitted by Phoenix Capital... on 11/24/2013 - 19:09
Ben Bernanke Capital Markets
In May-July 2013, Bernanke, like the rest of the Fed saw in simple terms that there is no such thing as a smooth exit. The market rebelled at the mere hint of tapering at a time when the Fed is buying $85 billion per month. If the Fed were to actually go ahead and taper what would rates do?