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Is the Taper a Big Lie?

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(UPDATED! See below.) The much-talked-about taper could be nothing more than a big joke. Where is the statistical evidence of the taper? Let’s look at the last 10 years of the Federal Reserve’s balance sheet. Here you can see all three QEs laid out nicely. Let’s “zoom in” and look at just the last year.   The rate […]

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