1/ TAKE NOTE
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
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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