Fed Chair Powell Says Goodbye To Era Of Easy Money | Jim Bianco & Joseph Wang
Forward Guidance
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The Deutsche Bank Chart: The Worst Month on Record
This April was the worst month on record, that that index lost 4% of its value. You got to go back to 1788 to find a worst beginning of the year for a bond market. So what I've argued with these charts is the bond market is not designed for this level of loss. This is truly stunning, and there is a tremendous amount of stress in the system.
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