The one-month yield is 21 basis points higher than CPI, not seen since 2009.
In fact, QE started reversing at the end of 2014.
The Slickest Annual Wealth-Transfer from Taxpayers to the Banks via the Fed.
But all bets are off if something big breaks.
Wall Street’s hope for a dovish Fed may not be entirely fulfilled, it seems.
The QE unwind has started to rattle some nerves.
Investors are waking up after years of somnolent money-making.
The Junk-Bond Market Just “Puked.”
Under tremendous pressure, the Fed sticks to its guns, mostly, and the crybabies are having a cow.
Debt out the wazoo, but someone is still buying it.