
QE up, Yield Curve down
While we await the final details of the fiscal policy panic from government, the Fed announced unlimited QE in its monetary policy panic. I am not using the words “panic” and “manipulation” lately in the usual negative or dismissive sense. They have to do this, sadly. We see on full display and in real time how a debt-based Keynesian system operates after it has decades … Continue reading QE up, Yield Curve down