Workers, bondholders, savers get sacked. So what would Yellen do?
Fear of “waiting too long” or of “having already waited too long?”
A “horrifying threat” (lower prices) has been vanquished.
Government Buckles, Guarantees Buy-to-Rent Mortgage-Backed Securities for First Time Ever. Wall Street Wins Again.
So what would Yellen do?
Even in “rich countries,” more and more people “are no longer willing to tolerate the status quo.”
The circuitous hidden wonders of paying interest on “excess reserves.”
It blames the Fed & Bernanke; the dark side of “healing” the housing market.
It’s all about cheap labor.
Worse than the 1994 “Bond Massacre,” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….”