Dec

1

"The current bull market has been intricately connected to the Fed’s bond-buying program, which has inflated and propped up asset classes. The real question is whether or not the stock market can continue its upward trajectory after the Fed begins to taper QE". Market Comment.

I wish people would stop attributing the gains to the Fed. The term structure is such that the 30 year rate is not affected. And that is what determines the values along with the return on capital, which is probably substantially reduced by Fed activities, and the prolongation of robbing Peter to pay Paul that is a natural consequence of the kazk played at the interior and other redistributional departments and activities.


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