So conservatively speaking, the Federal Reserve will directly finance no less than 60.51% of the U.S. Federal government’s deficit for fiscal year 2011. That figure might be as high as 67.09%, depending on the size of QE-lite... Therefore, since Treasury bond yields during FY 2011 will be whatever the Fed wants them to be, they are no longer a reliable indicator of anything.


catherine at 21:00 2011-01-04 said:
can you even imagine the Fed trying to use the taxpayer's dollars to make all the stock losses good in the first Depression?? the taxpayers, ahem, like Iceland will stand in the street to stop this theft........soon Permalink

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