Silver as an investment

The Moment The Fed Discovered Reflexivity

zerohedge.com / by Tyler Durden / Oct 12, 2016 2:26 PM

Back in September 2013, when the Fed was still debating whether to taper or not, caught in a vicious cycle where any hint it would ultimately end QE would be met with a prompt selloff, DB explained how it had found itself in such a reflexive morass:

Another theme arising from their decision to hold fire was their worry that financial conditions had tightened over the past few weeks.

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