19/09/13: UPDATE: DecTaper?

The US Federal Reserve chooses to do nothing...

Last night, the US Federal Reserve decided that the US economy just isn't strong enough (yet) to begin tapering off its $85 billion per month bond buying program (ie printing money). At the time of writing, global markets have reacted predictably, pushing share markets to all time highs, and here in Australia to a five year high.

All eyes on November/December for the next instalment. In the meantime, enjoy the market bounce, but be careful out there. Rick Maggi (Westmount. Financial Solutions.)