Peak Leverage And The Folly Of The Fed’s Demand Stimulus Model

You’ve gotta wonder. With purported enemies like Senators Warren, Whitehouse and Hickenlooper, why do the Fed money-printers even need friends? After all, when the self-proclaimed liberal tribunes of the people demand more cheap liquidity for the speculators and gamblers down in the canyons of Wall Street who can fault the Fed for pleasuring its masters? […]
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