The Federal Reserve is tapering off its newest Quantitative Easing policy. The markets have apparently reacted negatively, although it may be a bit early to call it a trend. This is not good. The Federal Government has taken up austerity measures and the central bank has given up the ghost, despite a still deeply depressed economy. What I don't understand is why there isn't a bipartisan call for more aggressive monetary policy or a strong multi-year Federal stimulus program of infrastructure investment and assistance to states and territories!