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The Great Liquidity Debate | Michael Howell & Andy Constan

Forward Guidance

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The Shadow Quantitative Use of Shadow Yield Curve Control

Michael Bociurkiw: Janet Yellen is controlling the yield curve. She's trying to manipulate finances with the eye 15 months ahead of an election, she's doing it now. So we've got to watch this space pretty closely. He says that even though bonds may still be rolling off the balance sheet, liquidity is not being taken out of the system. And therefore, he would say that QE formally or as de facto has ended.

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