Daily Archives: July 7, 2024
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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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“chessNwine” has been a popular trader and financial blogger since 2009. His work has appeared in The Wall Street Journal Online Edition, Yahoo Finance, TheStreet.com, Josh Brown’s The Reformed Broker blog, AbnormalReturns.com, Barry Ritholtz’s The Big Picture blog, and the “Suggested” stream on Stocktwits.com.
