3min chapter

Forward Guidance cover image

The Fed Put Still Lives | Vincent Daniel

Forward Guidance

CHAPTER

The Fed's Crowding Out Theory

Vincent: Modern monetary theory does not agree with that crowding out theory, but in terms of liquidity and markets, it makes sense. He says he's fairly certain we're going to see IPOs come next; if if if this liquidity issue causes an issue, then no, we're not. But his gut says yes, it probably will continue to crimp on the ability to have companies raise equity in a public format.

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