How Can Bernanke Taper In Light Of This?
As we earlier noted, there are numerous reasons that a taper should not occur (despite the protestations of so many sell-side economists that the economy is recovering... or about to). The following chart perhaps sums up best just how bad the real situation is... In light of this - if Bernanke tapers, is it not clear that The Fed is admitting it is cornered (for the four reasons we explained previously).
This is the recovery that the Fed's mandate has nailed?...
Chart: Diapason Commodities' Sean Corrigan
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