Relevant:
- The Golden Truth: Operation Twist? What The Hell Is That?
- Fed to Buy $44B, Sell $44B of Debt in Oct.
- Fed "Twist" Threatens Long-Term Stock Returns & Retirement Lifestyles
- After Twist, What Is the Fed's Next Move?
- Fed's QE Unwind Marches Forward Relentlessly (How Long Till Wall Street Cries "Uncle"??)
2012-10-01 — kingworldnews.com
The truth is the Fed doesn't have many short-term Treasuries left to sell. Evans said the $45 billion a month should last at least a year. That's $540 billion worth of what he indicated would be a combination of mortgage-backed securities and Treasuries.
Well, you cannot sterilize $540 billion, in addition to the $480 billion dollars that you are already doing, when the Fed's balance sheet shows that they are almost out of short-term Treasuries. So this will be an unsterilized, open-ended, double-down version of QE3, and that's why you are seeing gold and commodities soar.
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