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<title>Incoming Fed Chair &#x22;Concerned&#x22;</title>
<link>http://teodesian.net/posts/38b4d388-13f6-11ec-bdd7-85343175e428</link>
<description><![CDATA[<blockquote>
My third concern—and others have touched on it as well—is the problems of exiting from a near $4 trillion balance sheet.
</blockquote>
Oh, you finally noticed that?
<blockquote>
Meanwhile, we look like we are blowing a fixed-income duration bubble right across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy.
</blockquote>
Just tell us what you really mean, Dr. Gono]]></description>
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<pubDate>2018-01-05T20:06:41</pubDate>
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<title>Incoming Fed Chair &#x22;Concerned&#x22;</title>
<link>http://teodesian.net/posts/1515182801</link>
<description><![CDATA[<blockquote>
My third concern—and others have touched on it as well—is the problems of exiting from a near $4 trillion balance sheet.
</blockquote>
Oh, you finally noticed that?
<blockquote>
Meanwhile, we look like we are blowing a fixed-income duration bubble right across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy.
</blockquote>
Just tell us what you really mean, Dr. Gono]]></description>
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