We are living in a fool’s paradise. Heads I win, tails you lose. The public is being baffled, hoodwinked and misled at every turn.
I remember my first visit to a dentist as child. He had to drill a cavity in my mouth. I distinctly remember him saying that it wouldn’t hurt, but rather, it would make me laugh. "Try not to laugh too hard", he said. All I recall is that it DID hurt. I felt as if I was lied to and never trusted those people in "whites" again. The fact that this remains in my memory to this day, says it all. Today, I feel the same is happening again.
The Fed announced it is tapering modestly, by $10 billion a month, from $85 billion to $75 billion. A few things catch my eye, beyond the MSM’s blabber about "tapering does NOT mean tightening". If tapering is not tightening, then where is the liquidity coming from?
First of all, think about the amounts we are ...