Jim O'Neill thinks that by now the market will not be surprised when the Fed starts to taper.
His point: Tapering is all people have been talking about for a year. This is not going to be a surprise.
When tapering does start he expects it will be done very slowly and very carefully. He does not foresee an immediate bear market for bonds like was experienced in 1994.
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Canadian Value
http://valueinvestorcanada.blogspot.com/
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