What's the political catalyst for YCC? I'd say Biden/Yellen view the equity market bubble mostly just as a driver of social inequality and growing systemic risk. If the yield surge is blowing off froth, without triggering a market collapse or driving businesses into insolvency (neither of which is occurring), I think they'll be fine with the current situation. Fed will probably only step in once the S if hitting TF (stocks in free fall, employment / housing prices dropping etc). Not close to this atm. Agree maybe 6 to 9 month away
What's the political catalyst for YCC? I'd say Biden/Yellen view...
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