It’s Official – The Fed Is Now Buying European Government Bonds

News Flash:

William Dudley, testifying to a House panel, admitted that the Fed now holds ‘a very small amount of European Sovereign Debt’. The question is… How much is “a very small amount?” In addition, the Fed is providing limitless USD swap lines and joins the European Central Bank in monetizing European government bonds.

More reason to to keep stacking folks because if you are not stacking, then you are lacking!

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