Bernanke’s USD Bounce & Soaring SHIBOR

The most important element to determining a Fed taper this year shall remain the accompanying data and market climate. If the projected decline in US unemployment does materialize, and the jobless rate drops below 7.0%, then will the Fed truly be able to reduce purchases to say, $70 bn or $65 bn even if a new global economic everberation strikes. So what if there is a complete seizing of China's credit markets? Rest of analysis and SHIBOR charts here

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