3min chapter

Forward Guidance cover image

Does The Fed Control The Dollar? | Jeff Snider & Joseph Wang

Forward Guidance

CHAPTER

The Fundamental Value of Share Prices

The bond market isn't any special market It's just like any other market and I think before the GFC you might have had more economic input but post GFC is just so much other stuff in it For me, it just feels hard to take that signal out because I we actually know who's in the market buying size, right? No Thanks are buying trillions of it Yes, that is buying and you know what China's buying would say Other sovereign funds are buying. They don't really care about growth and inflation. They just buy because you know, this is a risk-free counterparty. I got a buyer. I have no choice So if you have a lot of people like

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