tag:blogger.com,1999:blog-6616959642391988608.post3359698805541874919..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Timid tapering beats noneScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-42425214541942670182013-12-20T01:47:09.051-08:002013-12-20T01:47:09.051-08:00The Central bank's balance statement has now s...The Central bank's balance statement has now swelled to 4 trillion dollars.<br /><br />Do we see 5 or 6 trillion ahead?<br /><br />The Federal Reserve is already losing money on it's holdings and it will only get worse..<br /><br />Lucky for them that GAAP is not required.Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-91460266460762061682013-12-19T09:47:04.035-08:002013-12-19T09:47:04.035-08:00You write, Today's timid tapering announcement...You write, Today's timid tapering announcement represents no threat whatsoever to the economy's ability to grow.<br /><br />I respond,as soon as the Fed Announcement of Tapering was released, the bond vigilantes exerted control over the Benchmark Interest, ^TNX, and called the dynamo of economic destructionism, higher once again to 2.88%.<br /><br /><br />Fiat Money, that is Aggregate theyenguyhttps://www.blogger.com/profile/08515095308836729043noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5533953195987017652013-12-18T23:38:42.504-08:002013-12-18T23:38:42.504-08:00The amount of the taper does not seem significant....The amount of the taper does not seem significant. I do not know why the stock market rallied, unless it was that the taper would be extended at much the same rate. <br /><br />As for Yellen being a dove..she has written papers rhapsodizing about one percent inflation targets...<br /><br />A "dove" today is a Fed official willing to consider 2 percent inflation as a norm....<br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10038159839841567742013-12-18T14:26:09.199-08:002013-12-18T14:26:09.199-08:00Would the stock market have gone EVEN higher with ...Would the stock market have gone EVEN higher with MORE of a taper? God only knows. <br /><br />Gold sure went the other way. No sign of inflation here.<br /><br />I keep noticing the Fed talk of a target of two percent for inflation, and would only change policy to 'reign in inflation' if inflation started to exceed 2.5 percent.<br /><br />It would seem to me that inflation of two sgt.red.blue.redhttps://www.blogger.com/profile/08132657702786638326noreply@blogger.com