The Fed and US government just offered QE infinity by backing depositors funds *when* not *if* ‘the risk free asset’ (bonds) become the dog shit part of banks, pensions, credit unions, etc portfolios.
The Fed and US government just offered QE infinity by backing depositors funds *when* not *if* ‘the risk free asset’ (bonds) become the dog shit part of banks, pensions, credit unions, etc portfolios.
100%
I’m assuming they’re doing this so they can free hike rates much higher as UST bond price collapse are essentially now covered at “par”
