Afraid of Losing Trillions, Wall Street Fights Fed Rate Hikes

All this is happening just when everyone is fretting about how liquidity will evaporate the instant the real selling starts. There simply won’t be many buyers crazy enough to bid at prices that are at survivable levels for sellers. That’s scary to them; they’d actually have to face some risks.

And so they’ve been fighting back with all their might against the very notion of the Fed ever raising rates. Temporarily shorting German bunds is one thing. But losing a few trillion dollars and never be able to make them back is another.

Read…  Afraid of Losing Trillions, Wall Street Fights Fed Rate Hikes