“Large-scale unwinding of these trades . . . was likely one contributor to s-t extreme illiquidity in government bond markets”
It’s rich that Fed coming under (implicit) scrutiny for role played rescuing basis tradet.co/LR1RlPVtJq
ht @bondstrategist
cc @vol_christopher pic.twitter.com/dGlnGKtIAp— Danielle DiMartino Booth (@DiMartinoBooth) November 18, 2020
FED BALANCE SHEET pic.twitter.com/G3fFy4SLuA
— Win Smart, CFA (@WinfieldSmart) November 18, 2020
From Soros to Warren Buffett, the Smart Money Is Dumping Shares of JPMorgan Chase
Jamie Dimon has served as Chairman and CEO of JPMorgan Chase during all five felony counts as well as a much broader crime spree that has resulted in fines and settlements of more than $37 billion.
Dear Fed: Stop Lying That Low Rates Benefit Poor People
“Instead of providing relief to low income earners and closing the inequality gap, low rates for a lot longer may actually exacerbate it.”