When the Federal Reserve Chairman, Jerome Powell, recently said that the economy will never return to what it was, in the past, I took note. Moreover, though, all the initial backslapping going on between Chair Powell and Treasury Secretary Steve Mnuchin as the Special Purpose Vehicles (SPV) spun up was offset when Mnuchin decided to pull the plug on bondholders continuing to become obscenely wealthy as the common man paid the price. But given how . . .
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