patrick.net

http://www.forbes.com/sites/mikepatton/2013/09/19/the-effect-of-fed-tapering-on-the-economy-the-housing-market-and-stocks/

The Fed met yesterday afternoon to discuss the state of the economy and decide if they would begin the process of tapering (i.e.; reducing its $85 billion per month asset purchase program). After a brief meeting, they decided to wait. Although a number of individuals were fully convinced the Fed would begin to taper this month, I have consistently written that the Fed would not begin tapering in September. Why? Primarily because the U.S. economy remains weak and there are a few potentially significant risks in doing so. Of course, the time will come when the Fed will begin to...

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