I have a great respect for the Prof, I think he specialises in monetary science as opposed to an economist who knows little of this subject. Yes it is hard to get a handle on what he is saying. In the bond article he is saying that it is easy money for the(in the know) dealers to read the feds actions therefore free money to be made. So why bother with taking a risk elsewhere. And in doing so tying up vast amounts of capital, therfore starving other markets.
I guess if something happens to the bond market that they will have to look elsewhere to make a buck.
It is a sorry day when a politician is chastised for telling the truth (Barny) even his own saying he has a bit to learn ( to Lie ). Oh dear.
Read some of Fekete`s other articles they are pretty much timeless and well worth the time.
