The Fed path to YCC is a chicken and egg question

Today's slide deck:  https://bit.ly/3qzmCbN   - Today we are pleased to have Saxo CIO Steen Jakobsen on to take us through his view of the lay of the land across markets, especially his views on the Fed and its misplaced assumptions about the economy and the effects of its policy mix. We also look at why the Fed will eventually have to move to a yield-curve-control policy, but whether it is able to without an ugly correction or hiccup in risk sentiment in markets first. The curious struggles of gold and more are also on the agenda. With John J. Hardy hosting.