Fed to scale back bond buying

[specuvestor]

From your posts, I reckon you should be a good student.

There's a fine line between skeptical and cynical I believe in multi-discipline and multi-interpretations, depending on your interest and perspective. Despite being a history student and a finance professional, I always know and acknowledge there is limitations to these "tools". And always remembering that to a man with a hammer everything looks like a nail. We can be jailed within our discipline.

History gives a good guide and lessons, and in order to skate to the pluck, we need to know the historical trajectory as well But it is just ONE aspect. So I always try to look at things multi-faceted and not dismiss anything plausible. I enjoy discussions because it helps me think better cognitively and learn something: either new insights or the guy is smoking

I doubt Americans are gloating but they have a strong culture of moving forward. What does that mean? It means that though they have been kicking the can down the road, they are actually MOVING down the road, and picking up the pieces as they go. They don't pause and willing to take risk as they go along which makes them continually progressing. QE itself is a big experiment and risk that the admin is willing to take to move forward. Contrast that with say Japan or ECB's Trichet. I think this is one of their core strength in their culture.

Though u are right that the end game might be messy, but they are willing to take the risk, and I concur, because the alternative is even less palatable, which many people don't realise.