A Lender Carry Trade; An Old Theme Revisited
March 17, 2014 at 07:08 AM EDT
Last June when tidbits about a would-be future ‘taper’ of T bond purchases (QE) were popping up in the media NFTRH 241 (June 2, 2013) put forward a theory that a tapering of bond monetization could begin to act as a delivery mechanism for inflation, with banks and lenders the key: