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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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At the risk of repeating too many words from yesterday's recap, we'll leave it at this: the Fed will hike by 50bps today.  It won't be a surprise to the market.  The Fed will also almost certainly announce a plan to reduce bond holdings with a baseline time frame of 3 months and "caps" that will eventually only allow reinvestments of proceeds that exceed $60bln in Treasuries and $35bln in MBS per month.  Of more concern is the way the Fed balances inflation fighting efforts against the prospect for economic ...