Dr. Jim Willie, Publisher of the Hat Trick Letter, thinks, "Reversal in the Treasury bond market could be a death blow for these zombie New York banks . . . These big banks are in danger of imploding." Dr. Willie predicts, "I don't think the Fed is going to taper its bond buying. I believe they are going to double it." Dr. Willie goes on to say, "The Fed will say let's continue QE, and instead of suffocation from rising rates, we'll have drowning from rising costs. . . . They are going for drowning because it's slower."
- Source, Jim Willie via USA Watchdog:
