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Commercial Banks Taper Treasury Purchases | Joseph Wang & DC Analyst
Forward Guidance
The Effect of the Fed's Call for Mortgages
The market is quite unfamiliar with the Federal Reserve calling the market up and instead of buying, they're selling. That's like kind of bringing a silver dollar to like a bank, you know? No, Fed is not that stupid, they just won't sell them, but they'll sell better ones. I still think the market will blow up before we even get that far. Do you see, if we have stress in the treasury market, I think you seem to share this view. How long do you think it would take? If we... It's hard, I don't know, I mean, if you have an idea, I would think.
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