The Federal Reserve now has a very difficult hand to play. This video does a great job of describing the set of issues that will shape its decisions:
https://www.youtube.com/watch?v=o_Jt39TdcmM&feature=em-uploademail-ctrl

Tax-Efficient Investing: How the Right Strategy Saves You Hundreds of Thousands
Effective compounding and tax minimization are not competing goals. They reinforce each other. The discipline that drives superior long-term compounding uses aggressive risk management to minimize drawdowns and so also

