BofA Sees Fed Assets Surpassing $5 Trillion By End Of 2014... Leading To $3350 Gold And $190 Crudeby Tyler Durden
Sep. 17, 2012
1.Trump Rips Bill Kristol: "All The Guy Wants to do is Kill People and Go to War"
2.Migrants Thank 89-Yr-Old Austrian Man Who Gave Them Euros by Robbing Him
3.UK Home Secretary Theresa May Hails "Benefits" of Sharia Law
4.The Huffington Post Is What Happens When There's No Men In The Room
5.VIDEO: Anti-Trump Protester Spits on Asian-American Trump Supporter
6.Angry Birds Movie is Red-Pilled Anti-Immigration Propaganda
7.VIDEO: Trump Mocks Journo Who Says Calling Elizabeth Warren "Pocahontas" is "Very Offensive"
8.Is This The Most Fail Interview Of All Time?
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).