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Bloomberg Businessweek Weekend - October 22nd, 2022
Bloomberg Businessweek
No Me Prins Author and Investigative Journalist
4min Snip
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The Fed created $4.5 trillion worth of money from nowhere to take debt out of the market after the financial crisis, he says. It's creating uncertainty in the markets and oppressing people trying to get mortgages which are twice as expensive now than they were six months ago. So I blame the cushion that was created by the Fed for what we're seeing right now with interest rates being held at 1%.
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