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RE: FED Does Not Know What It Is Doing.
25
@jfang003
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1 min read
The Fed is incompetent and I completely agree with this fact. They have little control over the rates and if they do have any, it tends to be the shorter-term rates. I still think other countries will buy the bonds but they aren't paying as much due to a higher supply of treasuries/bonds appearing in the market.
I think the banks needs to do its part by lending out money and getting money moving in the economy but they are so fixated on profits. They just think its too risky to lend in the current environment.
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