The Fed has done the deed. It will begin the process of “normalizing” its balance sheet in October, just as their proxies had clearly told us it would. “Normalizing is the Fed’s euphemism for tightening, draining, pulling the punchbowl, siphoning money out of the system, crushing the speculative longs, and ultimately killing the bull market.…
The post Fed Does The Deed, Commences Siphoning Monetary Fuel was originally published at The Wall Street Examiner. Follow the money!