Information is a crucial element in the formation of an effective democracy … the so-called great newspapers inform better, but they also misinform better; by not publishing all the news impartially; by slanting headlines in addition to writing headlines that often do not conform with their accompanying text; by being partisan in their editorials, written under the cover of seemingly reasonable and moralising language.
The market frenzy about the onset of the taper was replaced by an eerie calm as soon as it actually commenced. In the six months or so that followed the beginning of taper, the 10-year US Treasury as well as the DXY traded in a relatively narrow band. The second half of the year, however, was not as calm.