Thursday Nov 18 2021
this is a must read article in Today's WSJ. The author notes that we have the highest inflation in thirty years but the lowest bond rates, how can that be? The answer is the trillions the FED pours into the economy buying bonds. Their demand keeps rates low. The resulting increase in money supply goes to boost stock prices and inflation. He suggests that unless the FED stops this and raises rates a calamity lies ahead.
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