hd, " I think it'll be reasonably good."
oooooh, the markets won't like it then.
It's really quite clever what the FED is doing.
Tapering is putting upward pressure on bond yields while drawing capital back into the bond market taking the pressure off interest rates.
So they can taper taper taper and there's no bond market collapse.
Pity about all that hot money packing up and leaving EMs that results in huge inflationary footprints and spiked interest rates. The FED snaps it's fingers and there's a economic tsunami in lesser economies.
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