What's Next for the Fed and the Fed?

Investors get caught up with recency bi us, and they assume that these commodity abundant decades last forever. In any country where you get debt to g p over especially over a hundred % or so, you start to see less independence from the central bank. You know, it might not be explicitly stated, sometimes it is. But bus they start to work closely together out of necessity in their sovereign bond markets. And we saw that during 20 twentyas, where you had that corporate bond ukno vehicle, they base had that off balance sheet vehicle.