In the land of NIRP refugees and “Reverse Yankees,” who will get crushed?
Regular prudent savers and government guarantees to the fore.
Bondholders, savers, consumers to be put through inflation wringer.
The Fed is way behind the curve, but at least it now sees the curve.
This market (“Dow 30,000”) assures Fed rate hikes.
Workers, bondholders, savers get sacked. So what would Yellen do?
To protect citizens from threats as defined by apparatchiks in Brussels.
So what would Yellen do?
7th week of US Government debt “carnage” continues unabated.
But the Fed is steadfastly blind to bubbles & their consequences.