The Fed’s idea of QE tapering works sort of like a diet where you begin it by consuming an entire chocolate cake every day, with the intention of someday working your way down to a slice and then, someday, magically, losing weight.
The Fed *can’t* slow down printing (QE) much less stop it. It is mathematically impossible.
When a few of the so called economists out there actually get in front of congress or on the Sunday talking head shows and brutally state that, then the SHTF.
All this “will they, won’t they” taper is absolute hogwash. And it’s embarrassing to watch all the “experts” swallow it - or pretend to swallow it. I no longer try to guess whether they actually believe what they themselves say..
The money tricks being employed are very slippery. But the basic mathematical reality is very simple, all the double talk and euphemisms aside.