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The Fed is Crushing the Economy | Weekly Roundup

Supply Shock

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Mortgage Back Security Market Goes No Bid. Zero Bid

Mortgage back security market went no bid for only the fifth time in story. There were zero bids for mortgage back securitiations on Friday. It happened once in 19 94, ra once in two thousand seven and twice in two thousand eight. The spike up is what's caused the inflation air quotes; it's not inflation, it's currencyal. And now they've pulled all that out and more. This is about breaking stuff.

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