A comedown may be waiting after Fed high
NEW YORK (Reuters) – Comparing the Federal Reserve to a rehab clinic offering addicted investors a synthetic high has been a favorite of Wall Street wags ever since the first round of Fed stimulus nearly four years ago. The punch line is that you always need more and more to get the same high and each bout of euphoria is followed by a crashing comedown. After the frenetic reaction brought about by the announcement of the Fed’s latest stimulus program – $40 billion pumped into the U. S. . . .
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