Tag Archive: TAPER

Chinese Tapering While The World Eases


It is easy to ease but hard to taper – just look at the Fed. The mini liquidity crunch in China appears to be expected even as CNY fixes to a new record… Continue reading

Disbanding the QE Herd – Judgment Day Is Coming


It’s been a while since I pulled out those correlation tables and I was in a for an expected surprise. Yes. The correlations have broken down. The big basket-happy family trades have started… Continue reading

US tapering vs China tapering – actually no difference


Martin Feldstein‘s article on the WSJ today, “The Fed should start to ‘taper’ now” puts the whole Fed’s to-taper-or-not-to-taper debate very succinctly. It is not about recovery or the lack of enough recovery… Continue reading