Economist Alasdair Macleaod on Fed Policy

He warns: "The scene is set for both a lower dollar and rising bond yields. The distortions have been wound up so much that a return to normality will be a violent, disorderly event." Big spender in both parties have brought us to this point of unavoidable hardship. I pray that when the dust settles they are not still in charge.
FinanceAndEconomics: archive/2011.06.09 Weak money.htm

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