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4min chapter
Explaining Macroeconomics, The Fed, Interest Rates and Valuations (with Matt McBrady)
ACQ2 by Acquired
What's the Downside of Kee?
David Frum: What's the downside of open ended kee? He says it hasn't generated robust growth. But what has happened was, remember going back to when brenanki described what he was doing for in the first place. It buy up all the treasuries. And by definition, uknow, investors are going to have to hold more risky stuff. We've been doing this for ten years now and we're just under ten times the size of the balance sheet.
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