There is no exit strategy. The Fed will never be able to sell all the garbage it's bought. America's crack-addict economy is so hooked on Fed money-printing that the Fed may even start buying mortgages again in the second half of the year.
Sound like something you might read on an angry, Fed-bashing blog? But it's PIMCO bond guru Bill Gross.
Ha! Remember those quaint old days when the Fed's stated role was to "take away the punch bowl?" Well, it's not punch any more. It's crack. And your crack pusher Fed would never take it away from you.
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
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There are very few financial problems that can't be solved by a suitable application of asset bubbles.