When the facts change I change my mind, what do you do sir
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Fed seen making first taper move in September
The Federal Reserve seems on track for a small reduction in the pace of its asset purchase program in September, according to experts attending the central bank’s annual retreat in Jackson Hole. There was a palpable sense at the gathering that Fed officials are eager to bring the era of extraordinary policy stimulus to an end. “There is a yearning to get back to normal” said John Taylor, the Stanford University economist, in an interview. Jim O’Sullivan, chief U.S. economist at High Frequency Economics, said “the message is right now that they go in September. I haven’t heard anything to suggest ... (full story)
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"Nature's law" is called "Reason". When perfectly understood by human it is
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When the facts change I change my mind, what do you do sir
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