Ep 142: Dave Ellison: A Big Picture View Of The Financial Sector
Investing With IBD
00:00
The Fed's Takeover of the Financial System
The Fed really started to become a much bigger factor in how financial assets were priced. Bond stocks, you know real estate junk bonds regular bonds because they're buying it all or they're saying look if if it gets ugly we'll just buy itWe'll just buy whatever we need to buy to keep the thing going. So they're going to control those prices there's no reason not to buy the bit because they won't let it go that far. And so they've taken over a lot of the pricing of financial assets.
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