September 19, 2013 by History in a Hurry
No Taper. Of Course.
Written by Gary North on September 19, 2013
The financial media have been hyping the taper since mid-June. As September 18 drew near, the media were filled with predictions of a taper.
As you know by now, I regarded the entire thing as nonsense.
Bernanke announced no change. So, what else is new?
The Wall Street Journal announced the news within minutes. The following is pure spin.
“After spending months preparing the public that they could begin to wind down an $85 billion-a-month bond-buying program at their September policy meeting, Federal Reserve officials got cold feet Wednesday and decided to keep the purchases in place.”