On Those Tapering Prospects......

Yes, it is not going to happen, at least in the foreseeable future.

As Zerohedge reports....

Just out from Fed "hawk" Dick Fisher:

• FISHER: FISCAL SHENANIGANS HAVE `SWAMPED' QE TAPER PROSPECTS
• FISHER: HARD TO NOW ARGUE TO CHANGE COURSE OF MONETARY POLICY
• FISHER HAS FAVORED TAPERING FED MONTHLY BOND PURCHASES
• U.S. FED'S FISHER REPEATS BEST TO 'STAY THE COURSE' ON BOND BUYING AT OCTOBER FOMC MEETING

The rest of the article can be found after the jump above. So one of the Fed's hawks is now talking down the prospects that the Fed will pull back on their bond buying, money printing program. It as if we will float from one crisis to the next and the Fed will continue to find excuses not to pull back on their 'efforts'.