Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).
Markets reacted positively to today's tapering announcement, with the Fed continuing to pump cheap liquidity into the system in 2014. But concerns remain over the elevation of asset prices and mispricing of risk.