Wall Street Honchos Confess: Fed’s Financial Repression Has Fueled Complacency And Excessive Gambling

"Suppression of yield and vol induces investors to take on more risk (QE III). The market clings to perception of certainty regarding outcomes, despite the Fed shifting commitment modes from time or level-based to data dependent. This stage of policy should eventually lead to increased uncertainty and risk."
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.