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The Fed Hikes Until Something Breaks, Something Broke | Jim Bianco

Inflection Point

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The Fed's Balance Sheet on Liquidity Crisis

Jim Boulden: The Fed seems to be dealing with what happens when an unstoppable force meets an immovable object. He says people are starting to question whether or not our fractional reserve banking system makes sense. On the other hand, he adds, the sixth handle on inflation has not gone away. So how do you think the Fed kind of balances this or walks this tightrope? Well, I think what we got to do is we got to put some definitions on this, said Boulden.

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