Lendisphere

……  it couldn’t last forever.

The January minutes of the Federal Open Market Committee’s meeting are out, and it looks pretty clear that the ultra-low interest rate party is going the way of a summer sunset.

According to the minutes, the Powers That Be are doing a little back-room brainstorming about how to unwind these pesky billions (wait, maybe it’s trillions by now — I lost count) of stimulus money.   One way to do that would be to put a big hunk of mortgage-backed securities up for sale — the very ones the Feds have been purchasing in droves to keep rates artificially low.

Like summer love, it was sooooo good while it lasted.