The Fed said it will begin reducing its $120 billion in monthly bond purchases by $15 billion a month over the course of the coming weeks. The Fed said it will slow its $80 billion in Treasury purchases by $10B a month and its $40B in mortgage-backed securities by $5B a month for the next 2 months.

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The Fed said it will begin reducing its $120 billion in monthly bond purchases by $15 billion a month over the course of the coming weeks. The Fed said it will slow its $80 billion in Treasury purchases by $10B a month and its $40B in mortgage-backed securities by $5B a month for the next 2 months. (www.federalreserve.gov)

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I had similar thoughts. Private ownership will be strongly discouraged through a sharp tax raise and you'll be incentivized to house strangers in your home to get a tax credit. Backdoor Communism, Comrade.

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