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The Portfolio Channel Effect of Quantitative Easing
The Fed is tightening monetary policy in my view. It's just kind of making people who hold treasuries lose money which forces them to sell equities. This is not good for the stock market For risk assets. I agree with Jeff that treasuries definitely have value As collateral and that has to be priced in as well. But you know, maybe we'll have to hold that to put for derivatives would say as collateral. Yeah, thanks to the Fed, right? Let's let's start exploring these repo spaces.