You didn’t think the Fed was serious when they said they might consider (at some undetermined time in the near – or distant – future) possibly tapering QE? Because. . . They weren’t. Also: Dan Epstein, with Cause of Action, joined the program to discuss the broken promise of government transparency.
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Show Prep:
The Big Three:
All the talk of a bubble somewhere in the market (Although. . . No one knows where.) Well, the single best Woman at Bloomberg news, shared with us her single best chart:
Mike McKee with Bloomberg tells us all about the good news that’s bad news but could be interpreted as bad, or maybe good news:
http://www.bloomberg.com/video/americans-spent-more-made-more-in-may-knpL~EFiT0KWhqMnem9zRA.html
Fed Tapering? Yeah, most likely not. . . Federal Reserve Bank of New York President William C. Dudley said in prepared remarks that the central bank may increase its asset-purchase program if the U.S. economy fails to perform up to Fed forecasts. Alasdair MacLeod, head of research at GoldMoney Foundation, says we should have known this all along:
Powerful or Pitiful?
Other News:
I feel like this is a great use of tax dollars. (I wonder if the Mayans were OK with gay marriage?)
http://cnsnews.com/news/article/286k-study-maya-politics-hopes-promote-ecotourism-guatemala
Right. . . Just like “you can keep your health insurance if you want to. . .”
http://washingtonexaminer.com/obama-i-wont-make-churches-conduct-gay-marriages/article/2532418
Not a huge surprise. (But the question remains: How will they scan your child’s retinas?)
Notebook