Scoreboard: Fed standby

Wall Street edged lower ahead of the Fed's taper decision, while positive German data failed to quell a European sell-off.

T’was the night before the Federal Open Market Committee and all through the house… Okay it wasn’t that bad but the fact is everyone is waiting for the Fed and so it was quiet. The stockings are hung, everyone is waiting for St. Ben and I think he will deliver. Not a taper mind you, just another $85 billion of printed money. I mean it’s just money right? And you can print that stuff forever – and as much as you want, according to economists. The only question being why no one has ever thought of it before – the genius! We could solve world poverty with these new ‘economic tools’. But then starving people aren’t banks in need I guess.

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