Why, indeed? Link With the government reopened, and the debt-ceiling non-negotiation off the table, if only for another 3 months, Wall Street's experts have fallen back to what they do worst: attemping to predict when the Fed will Taper. And just as virtually all economists were convinced the September tapering is a done deal, so nobody sees a Taper in the next three months, and certainly not before March, or, in the case of Larry Fink, June 2014. One thing, however, that nobody in polite, statist company has brought up yet is not only the possibility, but the probability there may not be a taper. At all. Well, Deutsche Bank - the first of any major Wall Street institution - just floated "that" particular bubble. To wit: since "the Fed possibly only has a narrow window to taper before itâs faced with economic headwinds again and if this is the case then why bother taper at all?" Expect many more to join this particular bandwagon, subsequent to which, we also expect that other uber-heretic thought, that instead of tapering, the Fed will instead proceed to monetize even more than $85 billion per month, crumbling collateral environemnt and shadow banking be damned. Heretic, because it will mean that the Fed not only can't limit its monthly flow, but will have to monetize ever more and more each month, until it ultimately, and logically, runs out of stuff to buy. Which is why, in retrospect, the appointment of Yellen may have been the best thing to happen to the Fed: if nothing else, she will at least bring on the grand reset of a broken monetary and economic system that much faster than someone who may have been at least superficially cautious.
"The grand reset"? Like that's a "get out of jail free" card? Sounds like the "collapse of the $USD and bankruptcy for nearly all Americans" to me. How can that be a "best thing"?? If that's the case, I'd rather see it "later" than "sooner".
They need to stop talking about tapering and start talking about increasing the QE. I heard Marc Faber throwing out the number 1 trillion of QE a month. The market would absolutely love that... This is an absolute joke.