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The Great Liquidity Debate | Michael Howell & Andy Constan
Forward Guidance
The Fed's Objective in the Bond Market
There is no collateral shortage. If people want to lever up their positions, they can. And that amount has grown rapidly over the course of the last six months as animal spirits have driven a lot of demand for assets. I don't know what the Fed's objective would be if the economy is doing just fine to support asset prices. But we'll see about that. That's just my opinion. Yep.
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