Wolf Richter: Fed Letting Long Rates Rise in Bid to Tamp Down on Market Exuberance
“A lot of leveraged positions will come undone…”
“A lot of leveraged positions will come undone…”
The outlandish size of the state and local bailout funds has little to do with Covid
“The most important price in capitalism is corrupted”
Otherwise, the US needs to find a new China to buy its excess treasury issuance
Houston, Texas is the only example found outside Africa, the Middle East, or Asia
Toying with doing yield curve control would force the Fed into yield curve control.
The last time global food prices rose like this, the early 2010s, it set off a series of conflicts throughout the Middle East and elsewhere
The Fed can say that they don’t care about inflation overshoots until the cows come home. The market clearly cares and that’s all that matters.
New York City may have lost 5% to 10% of its population in just six months in 2020
“The Fed has appointed itself the First Vice President of Everything”