Here's what's in your Prime Interest today:
Bubbles, bubbles, everywhere. Financial markets are becoming too buoyant, members of the Federal Open Market Committee believe, according to today’s FOMC minutes. It seems junk bonds are on the rise, as investors are chasing yields beyond the 0.2 percent offered by their local banks. But wasn’t that the point, Mr. Chairman? Be careful what you wish for. And speaking of Chairman Bernanke, he spoke today in front of Congress, and it didn’t take much to move the markets when he soft-balled the possibility of so-called “tapering” later in the year. This would be the much-anticipated wind-down of Quantitative Easing.