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RE: (VIDEO) Yellen Talks Bonds Sell Off, Dollar Rips Higher, Metals Down, Stocks Make New Highs.
okay so the fed is going to"normalize" (and mark my words, this is a term you will hear much more) and they are going to do this by SELLING from their portfolio to reduce their balance sheet BUT does this also mean that they will stop BUYING new Treasury issues? Who then becomes the buyer of last resort?
great point