Fergedaboudit, Fed! A Deflationary Bust Is Already Baked In The Cake

In the Fed’s foolish attempt to stave off consumer price deflation, the Fed sowed the seeds of a very destructive set of asset bubbles in junk bonds, housing, and the stock market. The widely discussed “everything bubble” is, in reality, a corporate junk bond bubble on steroids sponsored by the Fed.

 

 

 

 

 

 

 

 

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