Thursday, September 19, 2013

Congress Relief as US Fed Says No Taper


India's ruling Congress must be breathing a sigh of relief as the US Federal Reserve decides not to taper its Quantitative Easing program:



http://www.usatoday.com/story/money/markets/2013/09/18/stocks-sp500-record-high/2830409/

With the withdrawal of the inflation-vigilant Larry Summers from the race for Bernanke's replacement, America may be headed for stagflation-lite over the remainder of Obama's term.

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