Will The Dollar’s Rise Crush Central Banks’ Plans?
Forward Guidance
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The Inflationary Effects of the Fed
Banks have a lot of regulation that constrain what they can buy and what they can sell. So when the bank has a lot of money, what it goes and does these days is That's what you see them do to the tune of 1.5 trillion over the past couple years. And so you see tremendous, I guess, inflation in safe assets. The 30 year treasury yield is an accurate representation of forward growth and inflation expectations.
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