Bad news could be good

Some things are becoming quite clear about the US fiscal impasse that continues as I write and the President and the First Lady do their own dishes. For one thing, US Fed Chairman Ben Bernanke was perhaps right in postponing the quantitative easing (QE) taper even though the markets had complained at that time that they were primed for some reduction in QE3 and the Fed had missed an opportunity to execute their plans without causing too much of a flutter.

Read Full Story>>