On Long Reads Sunday, a reading of a John Street Capital piece on the realities of a market characterized by zero-bound interest rates.
QE4 Begins: Fed Cuts Rates, Buys $700B in Bonds; Bitcoin Rallies 7.7%
Effectively, this is “QE4,” the fourth major round of quantitative easing by the American central bank since the global financial crisis a little more than a decade ago.