Fed policies have destroyed those on fixed income for the benefit of the banks and wealthy, as I wrote on Wednesday in
Inquiring minds may also wish to read Hello Ben Bernanke, Meet "Stephanie", my response to a reader on fixed income attempting to live on Social Security plus interest on a $16,000 CD.
Any clear-thinking person realizes the Fed has no exit strategy and thus will hold on to all or nearly-all of those assets for the full duration of their term. Thus, it will be interesting to see what lies Bernanke comes up with in response.
Mike "Mish" Shedlock