Governments the world over have spent the past year bailing out, backstopping, insuring, and stimulating their financial sectors and economies throwing around trillions of dollars, euros, yen, and pounds like Halloween candy. Officials have assured us there’s little risk to that strategy but I believe that the opposite is true - that if you borrow and spend too much, all you’re going to do is transform a Wall Street debt crisis into a Washington debt crisis. Words: 882
Read More »Will the Fed Engineer a Stock Market Crash to Flood the Bond Market With Much Needed Demand? (+2K Views)
Could the Fed be preparing another stock crash to flood the bond market with demand? Who knows but it would make plenty of sense to me. Words: 789
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