Several Fed presidents, and “Big Ben” Bernanke himself, have been spending the last week or so trying to convince markets that their program of quantitative easing isn’t on the immediate chopping block and that any eventual tapering would be contingent on continued economic improvement. They’ve tried speeches, press conferences…maybe it’s time for a novelty song, sung to soothe markets back toward normality?
“Tiptoe through the Taper”
by ‘Big Ben’ Bernanke
- Sung to the tune of “Tiptoe through the Tulips” by Tiny Tim, accompanied by ukulele
Panic, after the meeting,
After the meeting of the F-O-M-C
Come tiptoe through the taper with me. Read more
Did you know that Missouri is the only state that’s home to two Federal Reserve banks? There’s one in St. Louis and there’s one in Kansas City, Missouri over on the western edge. And while KC and St. Louis are only about four hours apart by car, on the surface, their respective Fed presidents seem to be poles apart on the issue of “the Taper.” (Caps because I think “Taper” is the new buzzword – this year’s “Fiscal Cliff.”) Read more