FED to buy more treasuries

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It would be better if you could hear it in person. Imagine a D.A. loudly proclaiming, Q: DO YOU KNOW THAT HE IS A CARD CARRYING MEMBER OF OVER 3 PUBLIC LIBRARIES???? A: Well, no, I didn't Q: How does that make you feel? A: I dunno S/Q: YOU DON'T KNOW ANYTHING ABOUT HIM AND YOU DON'T KNOW HOW THAT MAKES YOU FEEL? A: well ..ah..
 
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 Originally Posted By: PandaBear
It has been done forever. The FED raise/lower interest rate by adjusting the amount of cash/bond/other assets to increase/reduce the monetary supply.
What they are doing right now is not open market operations. They are printing money - creating money out of thin air to buy treasuries. AKA monetizing our government debt. NOT GOOD!
 
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They're just tidying up a few loose strings here, Drew. Most of the work is done. The rest is merely detail. This has been a trap that's been a long time in the making.
 
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Colorado Springs
They're doing exactly what they did in the late 70s. Long term interest rates have doubled in the last 6 months. Don't be surprised if they go well past 10 percent in the coming years! Then we'll need another Paul Volker to pull the E-Brake and stop us from sliding off an economic cliff. These morons keep putting off the pain that WILL come. I swear, they are all alcoholics or junkies.
 
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