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by confoundedinterest17
The latest tightening by the Federal Reserve has pushed the federal funds goal price above mortgage-backed securities yields for the primary time in historical past. Although this poses clear challenges of carry for MBS holders, selective investments in specified pool and collateralized mortgage obligations (CMOs) might present incremental returns.
Whereas Biden brags (redundant) about decreasing inflation (that his vitality insurance policies and large Federal spending brought on), apparently he by no means learns. Now we study from Mish that the Biden Administration is able to unleash a $27 billion inexperienced slush fund on the US center class.
Inflation began below Biden, however the huge growth in cash provide (M2) start with Covid in 2020.
As soon as this newest spending splurge kicks in, we are going to see rising inflation once more. In spite of everything, Biden and Congress have gotten the style for enormous spending payments (like vampires) and spending seemingly gained’t decelerate.
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