Quote:
Originally Posted by k374
if they are the buyer of last resort then does it mean that their talk of QT is just a bunch of BS? I mean, if they are going to be *buyer* then being a *seller* at the same time makes absolutely no sense, so are they going to stop QT?
Looks like they have trapped themselves here... they absolutely cannot do QT as it will send interest rates higher and crash the market.
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The congressional clown circus has tasked the fed with both stimulating the economy and controlling inflation. Those tasks are mutually exclusive. The newly passed tax cuts along with the budget busting federal spending will put the fed in a double bind. I can see no good coming out of this predicament.
Why the stock market keeps rising is the $64 question.
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