Lord Jeffrey Gundlach, Bond King, said the Fed gained credibility by not raising rates–coming to grips with reality. Moreover, as he points out so eloquently, the market has done dick since QE ended in 2014, more than 18 months ago. As for the astute imbeciles at the ECB, they’ve bargained with the devil and lost. Their negative interest rate policies have been disastrous for their markets.
I challenge any one of you to debate the Bond King on this issue.
The post BEHOLD the Bond King Gundlach: Markets Are Nothing Without QE appeared first on Trading with The Fly.
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