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The great un-tappering flop

Karl Denniger's analysis

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It didn't work

The Fed announces they won't taper.

The market rallies - for a day.

The next trading day it gives it all back.

Now what?

How about Bernanke lying his ass off about the employment situation in the US. It's dismal and getting not any better?

Let's see how that plays in the real world.

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