Sunday, June 09, 2013

Brace Yourself for Stimulus' End

Brace Yourself for Stimulus' End - TheStreet:
"Now we have a socialized bond market.
As a result of its bond buying, the Fed today owns a record 30.5% of the U.S. bond market, including 30.32% of all outstanding 10-year equivalents, Zerohedge reports. This reduces the amount of bonds available to the private sector.
"America may or may not be becoming increasingly socialist and/or nationalized," Zerohedge concluded, "but there is no doubt about it: Its bond market most certainly is."

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