Josh Wolfe @wolfejosh VC, entrepreneur, fund manager @Lux_Capital; Chair @CiPrep Coney Island Prep; Trustee @SfiScience Santa Fe Inst; CoFounder of Carson, Quinn & Bodhi w/ @ltwolfe May. 09, 2019 1 min read


If you liked the capital market distrortions caused by QE—you will just love the distortions caused by controlling the long-end of the yield curve (something not done since WWII to control the cost of debt)

This is a HINT of LIQUIDITY crisis 

2/ Here is Bernanke 3 years ago explaining HOW the Fed could PEG long-term rates...

3/ Potentially toxic combo:

Artificially suppressed long-term rates
net sellers of Treasuries by foreign holders (China)

Risk of weak $ = rising prices for everything priced in dollars (oil, commodities, food)
-> hurts consumers
-> helps investor (non-discret stocks ^)

You can follow @wolfejosh.


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