David Fleer
Bristlecone Value Partners, LLC
12301 Wilshire Blvd., Suite 320
Los Angeles, CA 90025 USA
Work 1-877-806-4141
www.Bristlecone-VP.com


Thoughts for Summer – A Baker’s Half Dozen

July 31st, 2013

 Quarterly Commentary – 2nd Quarter 2013

1) Tapering Enters the Lexicon

Fed Chairman Ben Bernanke signaled in May Congressional testimony that the central bank might consider paring back its bond purchase program designed to lower interest rates and stimulate the economy. This spooked markets—especially the bond market—and he and his colleagues then spent the next few weeks clarifying and re-casting those statements to assure that such tapering of stimulus was still some ways off and dependent on further economic recovery.

Let’s put tapering in context. Read the rest of this entry »

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