The Fed's relief programs will reach a 'tipping point' and end by 2021, KKR's macro expert says
Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017.
"I don't think we're going to see the bond vigilantes today, because the bond vigilantes are being overrun by the central banks," he said. "But ultimately that liquidity spigot will turn off by 2021."A Wall Street firm studied every crash over the past 100 years — and concluded that the unusual performance of 7 tech stocks is masking the risk of a prolonged meltdown
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