The anti-QE rhetoric is building just in time for next week's FOMC meeting, as Guggenheim's Scott Minerd channels his inner Bill Gross, calling the Treasury market (TLT, TBT) a "ponzi scheme." "The only reason investors would buy Treasurys today is that they expect the Federal Reserve will buy them at higher prices in the future," Minerd tells clients. The longer the Fed's bond buying continues, "the more volatility-inducing pressure will build."
The anti-QE rhetoric is building just in time for next week's FOMC meeting, as Guggenheim's...
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