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Bill Fleckenstein: The Bond Market Is Taking Away The Fed's Printing Press

Wealthion - Be Financially Resilient

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The Fed's Pivot: A Bullish Moment for the Bond Market

The bond market tried to take the printing press away and they did an unlimited amount of YCC yield curve control. They got the yields back to where they wanted them to, fortunately for them the ends rallied. Japan may be giving us a preview of what you think is going to come later this year. The Fed has been warning us that like look getting inflation under control is not going to be painless so I mean staying at five percent or whatever right? That's a pretty high cost to capital on a relative basis from what this economy is used to.

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