"Why is this important? Simple: when the time comes for the Fed to unwind its balance sheet, if ever, the reverse Flow process will be responsible for deducting at least 24% of US GDP at the time when said tightening happens. If ever.
What is scariest, is that as of this moment, all of this is priced in. Any incremental gains in the stock market will have to come from additional easing over and above what Bernanke just announced."
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The following 2 users say Thank You to Big Mike for this post:
I won't get into a discussion here because it is clear that your opinions are entrenched. But I will say, only for the benefit of any reader who may care to hear my opinion, that your views in this post are entirely wrong.
Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
“Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.”
– The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s