Federal Reserve Delays Taper, Carries On Debasement

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Rising bond yields pressured Argentina to turn to other loan companies for funding assistance. Previously I mentioned how the IMF stepped in. Argentina then broadened its ask for to the World Financial institution and the U.S. Treasury. In the U.S., we have currently talked about support by the Fed. Despite all this support and QE action, bond yields in the U.S. are on the increase, predictably.

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