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Fed Will Hike Rates Into Economic Train Wreck | Danielle DiMartino Booth
Forward Guidance
The Fed Balance Sheet Is Declining and Liquidity Is Increasing
Going back to 1920, the only time it's been this low is during the Great Depression. Unless the definition of QE has changed, we're not in a positive liquidity environment anymore. So why is the stock market going up? Well, a lot of it has to do right now with retail being hot and heavy in the stock market because you're seeing because of the white collar recession.
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