More like ‘repairing’ the bond market for the future, much to the chagrin of cheap money pimps who want a continuation of current self destructive economic policies.
Cheap money leads to bad investments,redundant companies, make work employment, a weak currency, high real estate valuations, & bloated equities.
There will be some economic pain, but it has to be done.
“””Cheap money leads to bad investments,redundant companies, make work employment, a weak currency, high real estate valuations, & bloated equities.”””
Economic recessions are necessary to clean out the shysters who create this garbage when money is cheap.