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Message: <blockquote data-quote="Up In Smoke" data-source="post: 5412208" data-attributes="member: 79702"><p>Thank you.  QE was a process where the Fed bought treasuries (400B a year from 2008-2018) at a very small return on investment.  The rest of the treasury market was gobbled up by the entities I mentioned earlier.  I'm an options trader, so I prefer a choppy market.  I posted my 2022 returns in another forum ( currently +7.2% before dividends) because it's easier to make money in a negative market.  The mortgage rates are tied to the 10 year treasury, not the Fed funds rate.  The dollar hit a multi year low in 2018 and only began to gain traction as the Fed announced tightening and QT.</p></blockquote><p></p>