BLOOMBERG Bloomberg Real Yield September 22, 2017
Balance sheet is apparently nothing. I imagine janet yellen is doing cartwheels behind the scenes at how well the market has taken the Balance Sheet reduction. They say this will be very boring. It is all preannounced. It was all very transparent. There was no surprise in the announcement yesterday. I think we will be watching quantitative tightening in slow motion. I think she is trying to do as little as possible. She introduced tightening in monetary policy, and she was trying to do as little as possible with the dots to keep them as unchanged as they could be in the next 12 months so beyon...