Relevant:
- Forecast 2014 -- Burning Down the House by James Howard Kunstler
- When Did The Fed Start Buying Equities? - Indicators Are When "Taper" Ended!
- Fed to taper in $US10 billion over next seven meetings
- Sprott on "Taper Talk"; Precious Metals
- Sprott: Fed Wants Gold Down Pre-Taper Announcement; Losing Control of Interest Rates, Can't Sustain New Housing Bubble
2013-08-06 — kingworldnews.com
the taper talk will likely fade into the background as time goes by with no signal of reduced asset purchases by the Fed. In our estimation, the opposite will occur and the Fed will move to increase purchases. We must also consider that a Detroit bailout may happen, with other states getting in line. On top of that, perhaps even some form of student loan debt forgiveness (the $trillion$ ticking time bomb).Â
Nothing has changed since the recession began and, as evidenced by the macro data, the economy is stalling right here. Taper? I don't think so. Once investors realize the Fed is in the game indefinitely, gold and silver will lurch higher and faster than anyone anticipates.
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