"This is what the recovery has come to: the Fed's willingness to foster speculation in financial assets to the point of creating more financial bubbles.
Once again, it will not be the banks that get hurt by the Fed's corrupt policies but those on fixed income and those chasing junk bonds and equities at bubble valuations."
from MISH SHEDLOCK'S BLOG
I CANNOT STRESS ENOUGH, how wrong the FED policies are, how harmful 0% rate and QE manipulations will be when this next fostered bubble pops.
How effective is a policy to lower long term yields, that is ACTUALLY RAISING THEM? and they just keep on going!
IF YOU JUST CHASE stocks because they are going up, disregard valuations and rising interest rates....good luck
D
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