Wednesday, August 7, 2013

Current Fed Predictions

Taper vs no Taper, Yellen vs Summers vs whoever.... everyone seems to be hung up on this.  I do not believe that the market can withstand the so-called taper nor do I think it will happen in September.  It is clear that tapering isn't something that is on Bernanke's agenda, and I frankly just don't think hes prepared to do it just yet with the CPI where it is.  I also predict that Summers will take the Fed position over Yellen or anyone else.  I think this because I do not believe Obama has the economic insight to know the extent in which the Fed drives the market.

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