The Fed Tapeworm Is ‘Tapering,’ Or So We’re Told

As if Quantitative Easing were not deceptive enough a term, now we have “tapering.”

The money mafia had been “easing” to the tune of $85 billion in monthly bond purchases. If they’ve admitted to this much, you can be sure it’s much more.

Now Federal Reserve watchers are suggesting that the Fed’s “$85 billion a month bond buying program” may be winding down to … “$75 billion a month.”

The consequence of Ben Bernanke’s non-stop monetary stimulus, of course, is a rise in prices, stocks included. Homes too. It should be obvious too that an increase in the price of an item is not the same as an appreciation in it value.