Tapering Is Now Tightening

For a long time, as we saw it, tapering and the threat of tapering (as in last year’s taper tantrum) did not constitute tightening. Today we explore why we believe the situation has now changed. In order to understand why tapering was not tightening initially, we must momentarily set aside all influences on US Treasury […] View the full post at: Tapering Is Now Tightening Related posts: Is the Fed Readying a Stealth Tightening of Monetary Policy? Treasury is Issuing More TIPS MBA Lowers ’09 Originations Forecast