Fed to Treasury Dealers and Congress: We Can’t Count On You, We’re Taking Charge

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by Charles Hugh Smith, Of Two Minds: The Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness. . There are two standard-issue narratives about the […]
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