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Some argue that the actions of the Fed since 2008 have been a net-zero type of transaction (i.e. has had no effect on yields). In
Some argue that the actions of the Fed since 2008 have been a net-zero type of transaction (i.e. has had no effect on yields). In a few short sentences detail one argument that it is a net-zero type of transaction, and one counter-argument to this.
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