The 5-year yield has risen 42 basis points from 1.4 to 1.82, or 29.71% in the last week-the largest single week rise EVER!
With the T-bond complex imploding PRIOR to the mere PRETEND END of QE, can you imagine what would happen if QE was ever totally curtailed?
We'd have 30% interest rates and DOW 2,000 before Obama could get his shoelaces tied in the morning!
QE to Infinity....AND BEYOND!
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