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The Fed Losing the Bond Market
I think we've seen deflationary periods throughout US history, and they've not been detrimental to the economy. But I guess the question is, what does that look like? What does it look like when the Fed begins to lose the bond market? I don't know, but I can say what the consequences are. It would be actually pouring gasoline on a lit fire. Now, all of a sudden, they can't print money anymore because printing money is having the opposite effect. So that's how it could happen. And, you know, it could happen this year for that matter. The other side of it is we have to see if, it could be that Japan tries