Corporations have been large buyers of stocksGuest Post
June 17, 2016
By Steve Blumenthal
“Everyone focuses on the Fed’s balance sheet – the $3 trillion dollars and the problems that creates. Don’t forget there is another balance sheet – that’s the balance sheet of us in the market that sold them the bonds and were forced into the risk assets that they’re so desperate to have us in. We have been forced into securities at subsidized prices. And when those subsidies are removed, those prices will adjust and they will do so immediately and they will do it on no volume… I predict from the beginning . . .
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