Bernanke Scares the Markets
NOTHING really changed last night with Bernanke's speech, except the market's perception of what's going on, writes Greg Canavan for the Daily Reckoning Australia.
'Bernanke Says Fed on Course to End Asset Buying in 2014'
'"If you draw the conclusion that I just said that our policies — that our purchases will end in the middle of next year, you've drawn the wrong conclusion, because our purchases are tied to what happens in the economy," he said. "If the economy does not improve along the lines that we expect, we will provide additional support."'