The Taper Tantrum

The most important price in the global capitalist system, which is the rate on ten year treasuries. I mean, every central bank in the world has to hold some of em. So i don't think they understand what they're doing by setting that artificially suppressing that price. Im you know, i think that they had first fall. The tapeer tantrum, they seemed to think was some disaster. Stocks fell eight %. Emergint markets came under pressure,. all the sort of stuff that happens when the fence starts tightening policy. It just wasn't that scaring event. But they have it in their minds that it was just the worst thing that ever happened - ok?