Fed-Fueled Funny Business Down On The Unicorn Farms

Our unhinged Keynesian central bankers are now literally strangling the last remnants of honest price discovery in the financial system owing to their moronic belief that ever lower interest rates are the magical key to economic advancement. That’s why they have trotted out a rapidly mushrooming pile of TOMOs (temporary open market operations) and POMOs (permanent open market […]
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