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  • Featured Story

    This Chart Will Save You from a Dangerously Popular Delusion

    There's a very dangerous meme making the rounds. It goes something like this: The economy is improving, therefore the Fed's going to taper... and, when it does, the economy is strong enough to endure the withdrawals that will come with it. Don't fall for it. Nothing could be farther from the truth. Any amount of stimulus reduction will indeed trigger a "taper tantrum."
    This chart is all the proof we need...
  • chart