MacroVoices #371 Larry McDonald: Fed Will Be Forced To Cut By The End Of The Year
Macro Voices
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The Fed's Advanced QE on Corporate Bond Issuers
The Fed will have to do some type of advanced QE or yield curve control because they're just going to really cut off the corporate bond market. And there's a lot of zombie companies that really had access to capital for so long. So this starts to really hit corporate earnings in the first, second quarter, third quarter of next year as those interest costs on the corporate level go up dramatically.
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