Week of December 16 – 22, 2013
- U.S. Federal Reserve announced beginning of the “taper.”
- Bank of Japan voted unanimously to maintain quantitative easing.
- 3rd Quarter U.S. GDP growth was revised upward again, to 4.1%.
- The price of gold fell below $1,200/oz., lowest level since 2010.
- China money-market rates rose to 8.2%; Chinese equities fell.
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