Macro Strategist: "Major Bond Markets Are Now The Most Worthless Indicators"
Apr 27th 2020 10:19pm EDT
Macro Strategist: “Major Bond Markets Are Now The Most Worthless Indicators” Exactly one month ago, when commenting on the Fed’s unlimited QE, we summarized Jerome Powell’s unprecedented nationalization of what was formerly the world’s deepest and most important market as follows: “the Fed’s takeover of bond markets (and soon all capital markets), means that any […]
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