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The "$1.5 Quadrillion worth of Toxic Derivatives- bang! Yippee!! Welcome to Mad Max!" Thread

OP
OP
Dublin 4

Dublin 4

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This should be one of the most important events in this year's economic calendar, as Fed Chair Yellen faces questioning regarding interest rate policies, the end of QE, and normalization of the Fed balance sheet. No doubt, some will worry that selling back hundreds of billions of dollars of what had been regarded as toxic bonds into the market carries high risks for the whole economy. But not doing it would risk leaving too much cash in the reserves of the private banks and so risk further asset bubbles down the line.

Live coverage should be here,

Congress.gov | Library of Congress

Live TV - Bloomberg
Live - Fed Chair Yellen to begin 2 Days of Testimony before US Congress 3pm July 12th 2017