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The Bottom Is Likely In | Mark Dow

Market Depth

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What Happens if You Buy Bonds From a Pension Fund?

Howen worked in a bank and saw how reserves were being used to buy bonds. He says the effect of this is not as clear-cut as it seems, with or without cue. Banks are changing their application from 20% down to 10%. And that happens every cycle, he argues. Howen: It's primarily t kind of that minsky effect of people overtime saying 'this things are good' But if you don't want to say what i'm right about fed funds, then maybe we're all wrong.

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