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What's the Problem With the Fed Put?
The problem with the fed and the administration and congress basely flooding the zone with all this fake money is that it distorts all the signals in the conos. People start making investment decisions that don't work, and then you have this mass of correction. How long have we been over feeding the market? Obviously happened under bydon and trump. Did it go back to abama or no. It started in two thousand eight nine withala troubled ascet relief programme. But what it also did was introduce comfort around this idea of quantitative easing,. You may hear that a lot. What does that mean? The fed will generally step in with liquidity, typically into the credit market, never into