big news for investors over the next couple of weeks will be whether
Congress can shoot itself in the foot. This past week's big news for
investors was no news from the Fed; no taper; although today St.
Louis Fed President James Bullard said taper could begin as early as
does the no taper decision really mean? Since the major beneficiary
of QE is the banks, it would seem logical that the main reason not to
taper is because the banks are not as healthy as we are led to
believe, or they're involved in more risky business.
Brown wrote Web of Debt and a new book called the Public Bank
Solution. I've talked with Ellen on multiple occasions and she
recently posted an article on her blog. Ellen did a great job of
explaining the risks of the shadow banking system. Please click here
to read her article.