Good morning. No Taper!!
http://www.federalreserve.gov/newsevents/press/monetary/20130918b.htm

And this – amongst the numerous analyses I have read on the no-Taper outcome – I think is the best summery article: never underestimate the dovishness of the Fed..

http://blogs.ft.com/gavyndavies/2013/09/18/never-underestimate-the-feds-dovishness/

And here is a market that really likes the outcome: Indonesian stocks…

http://www.zerohedge.com/news/2013-09-18/asian-positive-contagion-em-fx-bonds-stocks-surging

Interesting bit of history on countries that breach the 105% debt level and what happens next

http://www.zerohedge.com/news/2013-09-18/63-high-government-debt-episodes-and-what-they-tell-us-about-our-options-today

Some more pushback on the bullish assessment Schauble gave earlier this week: domestic demand in Germany…?

http://fsaraceno.wordpress.com/2013/09/17/parallel-universes/

Ok, old argument: debt in Emerging markets is lower than in Portugal. Big deal…

http://blogs.ft.com/beyond-brics/2013/09/18/guest-post-why-should-we-believe-in-em/

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