But how low might the Fed’s balance sheet go?
Instead of “bubble” or “collapse,” it uses “valuation pressures” and “broad adjustment in prices.” Business debt, not consumer debt, is the bogeyman this time.
Shedding light on Powell’s “just below neutral” and the hullabaloo about the Fed suddenly turning “dovish.”
Mortgage rates are climbing faster than the 10-year Treasury yield.
Has the Fed Made a Deal with Trump?
Their “Everything Bubble” is being pricked “gradually,” and they don’t like it.
In detail: ‘Collateral Stripping,’ ‘Incremental Facilities,’ ‘Cov-Lite,’ & ‘EBITDA Add-Backs’
Will this Scheduled Bloodbath in Corporate Debt Deter the Fed?
The “up to” exacts its pound of flesh.
China has a lot of balls in the air at the moment.