In other words, China, like its teas, is full of mystery to the foreigner.
As a matter of fact, the present day China is a mystery even to me. In many ways, how some things are done and are even allowed to be done today I don’t understand – like, at all.
While drinking tea later today, perhaps I should also take a closer look at all of them leaves.
That’s for later. For now, let’s read some tea-leaf reading examples in the media:
1. To taper or not to taper, that is still the question.
And one that is certainly stuck in the minds of investors attempting to read the tea-leaf comments by Federal Reserve officials regarding how soon the brake may be applied to Fed’s bond-buying program to hold down interest rates.
In a piece last Monday by the New York Times, the Fed’s message seemed to be: “Hey, what’s the hurry?” The Times noted that Fed officials are in no hurry to ease the program, and are likely to postpone any cuts until next year.
Charles L. Evans, president of the Federal Reserve Bank of Chicago, told the Times that he was certainly nervous about the sluggish pace of inflation, and that he’d like to see “a couple of months of good numbers,” with regard to last Friday’s jobs report.
Others could suggest we’ve just seen them. The Labor Department said Friday that the economy added 203,000 jobs in November after adding a revised 200,000 in October, the first time we’ve accomplished that feat since November-December 2017.
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