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The Fed Is Warping the Shape of the Yield Curve
As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.
Original article: The Fed Is Warping the Shape of the Yield Curve
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By Mises Institute
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As the Federal Reserve manipulates the money supply and interest rates, the yield curve becomes a less reliable indicator of economic activity. The more the Fed plays havoc with the system, the more we see the boom-and-bust syndrome.
Original article: The Fed Is Warping the Shape of the Yield Curve
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