BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"
MishTalk
JULY 11, 2014
It could represent a hidden vulnerability, especially if backed by domestic currency cash flows derived from overextended sectors, such as property, or used for carry trades or other forms of speculative position-taking. Low funding costs and volatility encouraged the search for yield. Financial cycles differ from business cycles.
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