by Charlie Garcia
Over four days last week, without fanfare, the Fed vacuumed up $43.6 billion in U.S. Treasurys. That’s $8.8 billion in long-dated 30-year bonds on May 8 alone, plus another $34.8 billion earlier in the week.
The Fed’s stealth QE is the opening act in a larger financial drama. Gold is climbing, bitcoin’s gaining legitimacy and resource-rich economies like Brazil are poised to benefit.
Source: Yahoo Finance
https://finance.yahoo.com/news/why-fed- ... 00917.html