Sez Fitch & Yellen.
Crackdown efforts by bank regulators are put on hold.
Pricing of risk kicks the bucket in record central-bank absurdity.
$9 trillion in deposits go a long way.
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?