Former Fed Trader: Rate Hikes Will Crash Markets | Joseph Wang
Forward Guidance
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The Negative Effects of QE on the Stock Market
I think quantity easing works really well in a time when you just have zero rates. But I think when we start raising rates, though, I think it becomes a bit more troublesome. The market kind of got used to having enormous amount of liquidity in the repo market,. And it just expanded, you know,Liquidity was cheap. So repo market just continued to grow and grow and grow.
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