THE GREAT BOND ESCAPE
From 2009-2019 the FED had created the perfect gulag system for free debt.
It made all the borrowers...........home buyers, private equity, commercial real estate buyers very very rich.
Where bond holders worked away for .....nothing in return.
The perfect wealth transfer machine.
Until the virus print created all that inflation.
Until the great bond gulag escape of March 2022.
Now the FED is in full "Band Aid" mode.
Its desperately keeping the ten year around 4.25%.
Still subsidizing the borrowers.