Libra 2.0

The hedge against inflation.

In his column ​yesterday, ​the FT's Robin Wigglesworth asked whether the Fed's move to buy riskier corporate debt "could prove the monetary equivalent of President John F Kennedy’s 1961 decision to dispatch US troops to Vietnam."​ ​ He continued:

Just as Kennedy’s first escalation of the Vietnam conflict inexorably led to a series of seemingly rational b…