An Aussie Spanking Is Preferred Over A Timid EURO
\It seems that every time that Capital markets start to feel optimistic this so-called US recovery disappoints. Yesterday’s disappointing US data (weekly claims, Philly Fed and housing starts) are renewing the debate whether tapering Fed bond buying in the second half of this year would be premature. An end to stimulus would probably see the Fed hiking the Fed Funds rate. A current concern is that with tapering the market seems to automatically link and end to QE with higher…














