Daily Archives: January 1, 2025

07Sep11:30 amEST

The Fed Created the Largest Pot of Boiling Water in History

Ah, what could have been, Jay Powell. You could have ripped the bandaid off of this whole mess back in 2021, even 2022, by ramping up QT and dumping The Fed's toxic (about $2.6 trillion worth) mortgage-backed securities onto the market, coupled with inter-meeting surprise rate hikes, and tougher talk about inflation than the lawyer (and I am a...

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