Here's the Real Reason the Fed Will Taper QE: Pro
Noted Nomura bear Bob Janjuah believes he knows the reason why the Federal Reserve will begin pulling back its easing program, and it's not about unemployment, inflation or anything else directly related to the economy.
Instead, he believes the central bank is worried that it is creating an asset bubble that will only get worse if it keeps following the current path.
"The Fed is NOT going to taper because the economy is too strong or because we have sustained core (wage) inflation, or because we have full employment—none of these conditions will be seen for some years to come," Nomura's fixed income strategist said in a recent missive to clients....MORE
