Episode 466: Fed Tapers, Bonds Spike, Gold Falters, Oil & Stocks Take Off(12-18-2013)…

Summary: Episode 466:  Fed Tapers, Bonds Spike, Gold Falters, Oil & Stocks Take Off(12-18-2013)... Show Summary: The weekly economic show for today.  I was wrong with my predictions that the Fed would not taper, as the Fed surprisingly announced a reduction of the asset purchasing program known as quantitative easing earlier today.  A reduction of 10 billion dollars to 75 billion is in the cards for the moment.  But how long will this last?  With uber-dove Janet Yellen taking charge of the central bank, probably not long at all. Show Notes/Topics And Links: Fed Tapers, Stock Market And The Economy Looks like I was wrong on this one - the Fed announced a reduction of their asset purchasing(QE) program today, the program continues, but at a reduced pace, from 85 billion to 75 billion a month But how long will this last, before the spigot is opened again? Bonds spiked to 2.9 on the ten-year treasure today, but is bellow that number in after hours trading Curtsey of Zerohedge.com, Fed "Tightens", Tapers $10 Billion - Full Redline, by Tyler Durden 5th Hindenburg Omen was spotted today - Stocks went ballistic today to the upside, computers and algorithms impulse buying? Gold Faltered Today Slammed below $1220 today - has been in the $1250 - $1220 range for several weeks now - is this market manipulated?  I haven't a clue Oil Report EIA Summary And Highlights Later, Lat Cozad poormanprepper.com latcozad@poormanprepper.com Forum Is Now Open - Poor Man Prepper Forum My podcast can be found on iTunes, Bluybrry.com, and Stitcher Radio.  Also, I'm on Facebook, Twitter, and YouTube.  And don't forget to drop by my website and become a member of my email mailing list. Photo credit: Lars Plougmann via photopin cc