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IPFS News Link • Stock Market

The Fed's Game Of Chicken With The Stock Market

• by Global Macro Monitor

We don't know for certain, but we suspect there is still way too much liquidity/money, however loosely defined, in the system. 

Markets don't rip as they did in January with tight money.   

If the Fed downshifts too much, the stock market rips, and financial conditions will ease bigly. 

Consequently, inflation will turn up from a much higher base.