Deutsche Bank believes Fed tapering is risky and too late to prevent asset bubbles

Deutsche Bank believes Fed tapering is risky and too late to prevent asset bubbles. Jim Reid from Deutsche Bank does not believe the Fed's hint of upcoming tapering was a good idea. The recovery is still quite shaky with many possible negative tailwinds. Reid also points out that it's too late for the Fed to try to defuse asset bubbles by getting out of the market. He thinks the time for the Fed to have made this kind of exit was 15 years ago, not now. Until there are more substantial signs of improvement to the economy, the Fed should not remove stimulus. (VIEW LINK)