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Is It a Turd Sandwich, or a Turd Sandwich?
The fed is only going to do 20 to 30 billion dollars a quantitatove tightening. They said they want to reduce the ther a their balance sheet, which we're looking at right now, by about a third. The argument was, well, g d p is going to grow by five % every year for the next three years so they only have to do a very little bit of quantitative tightening. I'm sure you guys can find it, cause if you word search to, oh, yes, thirtis ye. It's actually really amazing. And this, i called, you like, feverish pitch from a race track one week end.