Does Dina Titus Support Wild Speculators?

As I articulated in a previous commentary, if the Fed stays loose to prop up the bond market, this will only undermine the bond market.  In real terms, the bond market tanks.

Now the Fed might be able to prop up the bond market in nominal terms, but what this will do is precipitate an exodus from all dollar-denominated securities (e.g. equities and bonds), compelling speculative activity in other asset classes in order to protect themselves against a depreciating currency.

As the Fed undermines Tituslandia’s bond market in the process of trying to prop up it up, yields remain artificially low.  This compels lenders/investors to seek higher rates of return in other asset classes.  I can only conclude, then, that Dina Titus supports wild speculators.

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