By: Mark Anderson
Danny Tarkanian, GOP primary candidate for U.S. Senate in Nevada, will be issuing a statement on economic policy that will appear right here on. From what I can tell, Team Tark “gets it.”
If we continue down the current policy path – with the Fed propping up the bond market through massive Open Market operations – there will be no floor underneath the dollar and no roof on interest rates. Investors/lenders will be compelled to tack an inflation agio onto interest rates. The Fed undermines the very bond market that it is trying to prop up in order to hold interest rates artificially low. The beginning of the end will come when the short-end of the curve collapses even with Fed support.
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Back on Episode 14 of the Solid Principles Podcast, we interviewed Danny Tarkanian. You can download the podcast here, stream via our webpage or download/subscribe at iTunes.