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Investors and market-watchers listened carefully to Federal Reserve Chairman Ben Bernanke’s Congressional testimony. Following the idea, last month, that bond tapering will be a reality given current economic conditions, markets around the world reacted negatively giving investors reason for pause.
And while in yesterday’s testimony he added that tapering was not necessarily on a “preset course,” the very mention of it has made markets rather jumpy, although somewhat calmer.
Joel Kranc is Director of KRANC COMMUNICATIONS in Toronto, focusing on business communications, content delivery and marketing strategies.
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