You Can Intimidate Everyone
Doug Noland
10/05/2012
www.prudentbear.com
“[The Fed has]…essentially guaranteed anyone that speculates in MBS or Treasury securities (corporate bonds, municipals debt, equities?) seemingly risk-free speculative returns.”
“Betting on the predictable path of Federal Reserve policy must by now be one of the more lucrative endeavors in history…[T]hose that have played this extraordinary policymaking backdrop most adroitly today [...]
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