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JUN 23, 2014 - Zero Hedge

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The Fed's "Too Large & Too Illiquid" Bond Trap

Submitted by Peter Schiff of Euro Pacific Capital, The American financial establishment has an incredible ability to celebrate the inconsequential while ignoring the vital. Last week, while the Wall Street Journal pondered how the Fed may set interest rates three to four years in the future (an exercise that David Stockman rightly compared to debating how many angels could dance on the head of a pin), the media almost completely ignored one of the most chilling pieces of financial news that I have ever seen. According to a small story in the Financial Times, some Fed officials would like to ... Read More

Tags: The Fed's "Too Large & Too Illiquid" Bond Trap,  Federal Reserve System Latest News