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Bernanke's Final Act

By John Crudele, New York Post - December 19, 2013

The thinking behind the Federal Reserve’s decision on Wednesday to taper its disastrous bond-buying program is pretty linear: The economy — the Fed thinks — is doing better, so interest rates no longer need to be rigged as much as they have been, and the financial markets will forgive the decision.

But there’s nothing straightforward about this. The Fed is actually screwed.

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