I was just about to sign up for a Paddy Power account to have a bet on Fed QE tapering in the states but the odds have crumbled.
I read Adam’s post over the weekend from late Friday and the odds for an October taper were 7/1. They are 50% less now at 7/2.
Those were smashing odds as Adam pointed out that the announcement of tapering may come too late in September to be implemented in September so October would be the first month.
It’s my own fault for not jumping in sooner but someone out there is an absolute pirate.
