Lacy Hunt: Fed's Been "Stealth-Easing" Since December

Lacy Hunt: Fed's Been "Stealth-Easing" Since December “We’re seeing a major secular shift, that we’re now moving into a period of capital shortage, as well as we’re witnessing the end of the three-decade period of globalization, which led to significant disinflation.” That prediction comes from Dr. Lacy Hunt, once one of the bond market’s most prominent bulls and secular disinflationists. Well… no longer. He’s now a seller of U.S. long-dated bonds and suggested during last night...

By Tyler Durden