BofA Sees Fed Assets Surpassing $5 Trillion By End Of 2014... Leading To $3350 Gold And $190 Crudeby Tyler Durden
Sep. 17, 2012
1.Miami Police Retaliate Against Female Driver Who Filmed Herself Pulling Over Cop
2.Paul Joseph Watson And Stefan Molyneux On The Real Agenda Behind The Migrant Crisis
3.Hillary Clinton Suggests She Can't Be Part Of The Establishment Because She Is A Woman
4.Texas Appeals Court Slams Forced DUI Blood Draw
5.'Multicultural Toilets' For 'Global Defecation' Seek to Stop Migrants Pooping On The Floor
6.Retired Cop Gets Taste Of Police State After Officers Bust In, Assault Him
7.Code 291: Swedish Police Cover-Up Thousands of Crimes Involving "Refugees"
8.NYPD Cop Wins $15m After Fellow Cops Falsely Arrested & Beat Him At His Daughter's Birthday
9.Crewe Residents Accuse Police and School of Covering Up Abuse, Rape Threats by Migrant Kids
10.NYPD Cop, Whose Job Was to Bust Prostitutes, Exposed as a Pimp in Massive Sex Trafficking Ring
According to BofA's calculation, the Fed will own more than 33% of the entire mortgage market by 2014. ... On the Treasury side, in just over 2 years, "Fed ownership across the 6y-30y portion Treasury curve is likely to reach about 50% by end of 2013 and an average of 65% by end of 2014." You read that right: in just over 2 years, the Federal Reserve will hold two thirds of the entire bond market with a maturity over 5 years (which by then will be part of the Fed's ZIRP commitment, yield 0% and essentially be equivalent to cash).