QE in reverse – a worthwhile read

I found this article interesting and well written.  Obviously given the topic, i believe hard ‘recommendations’ are not possible, but better understanding is a good thing …

Generalization summary but probably the best possible (without a crystal globe of all-knowledge of future, and if you had that, why worry?):  “The most important point in this article is that the Fed’s ongoing rate hike program, while accomplished in a non-traditional manner, is unremarkable (and probably long overdue) in its effects on the economy and markets. The winners include banks and savers in money market funds; losers include borrowers at money rates. That describes a well-known situation.”


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