The QE2 Trade Is Over: Can We Start Dumping Risk Assets Now? (Guest Post)
Posted on April 07, 2011 at 13:43 PM EDT
By Edward Harrison "The Fed could announce a federal funds target of 3% but the tsunami of excess reserves now out there swamps any conceivable demand, so the Fed funds rate would be guaranteed to remain stuck at zero. The target would be meaningles...
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