The Fed Shocker - Part 1
What spooked the Fed into shocking the markets with its reversal on the expected September initiative of a "Taper" Policy? There are the reason the Fed gave. Additionally, there are the reasons the Fed chose not to discuss. Then there are the behind the scenes reasons. All are discussed in this video between Gordon T Long and John Rubino.
What may equally surprise many are the results of the recent G20 Summit Meeting which led up to the Fed's announcement.
What is very evident is that the US Fed Reserve has been forced to react to global pressures as much as the quickening deterioration of US economic conditions.
Video: The Fed Shocker - Part 1
21 Minutes, 20 Slides