Who says the Fed can’t have fun at our expense?
Wolf Richter with hosts Max Keiser and Stacy Herbert.
At a breath-taking pace. Default rate spikes. US stocks at record.
Bond bull Gundlach makes U-turn, goes “maximum negative” on Treasuries.
The foundations have crumbled. All bets are off.
Record moneys suddenly pile into the material that debt crises are made of.
We just had a propitious day in our negative-yield pandemic.
Here’s the gloomy scenario the “smart money” is betting on.
No one knows how to back out without blowing up the whole system.
Glorious times for Draghi’s scheme.