Ben's tapering threat certainly didn't get received well, but he came back and simply suggested that he was kidding! I think the tapering talk was really forced on him and will be again as the bond market's rates are rising, and we all know that Ben can only do so much. In fact, we've discussed often how the Fed actually follows the market, I'm guessing this is some of the same.
Speaking of the Fed, let's go back in time and examine just how things were back in the 1920's leading up to the crash of 1929. It may be instructive and entertaining. I've wanted to comment on all the best of Americana given the court rulings of the Supremes and also the case involving a hooded teenager, but alas, I have no time to comment on things that are simply a distraction from investing and trying to figure out what next weakness in the economy will reveal itself. Enjoy the video and look for more posts in the days to come.