?Republicans and Democrats won?t engage in any kind of austerity because there is no consequence for the fiscal profligacy they are allowing today. With the Fed taking 60% of the Treasury?s bond issuance they are pulling the policeman off of the freeway so everyone can keep speeding. Until the bond market moves, you are not going to see a change in the current fiscal situation.? said Kyle Bass, founder of hedge fund Hayman Capital Management.
https://www.madhedgefundtrader.com/wp-content/uploads/2012/05/209600.jpg 400 300 DougD https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png DougD2012-05-13 23:01:412012-05-13 23:01:41May 14, 2012 - Quote of the Day