Professor Bernanke and the Federal Reserve really did it this time! There is real fear of rising interest rates for the first time in the two years since the Euro Debt crisis of 2011. Actually, Bernanke and company at the Fed didn’t do anything. They just mused about perhaps not buying as many Treasury bonds as they are currently. This was enough to get people thinking that perhaps the Fed wouldn’t be “quantitatively easing” and printing money until the “cash cows come home”.
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Canso July 2013 Market Observer
