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The Federal Reserve appears to be increasingly nervous about the long term bond market. This is serious. How panicked are they? After leaking a story on Friday, they are back at it on Sunday.
The Federal Reserve leaked to CNBC's Steve Liesman on Friday that they weren't targeting long rates. Why such a leak? Probably because the Fed did not want to appear impotent in controlling the long rate. So they put out the word through Liesman that they weren't targetting the long rate. Can you imagine what would happen to the markets if it sensed long rates were beyond the control of the Fed?
Not for everyone, just for approx. 90% of Americans.
I also remember the "sky is falling" strawman retort used by CA house flippers in 2005 when I warned them that real estate would collapse. Feels good to be right again and again
Last edited by ViewFromThePeak; 05-31-2009 at 09:45 PM..
if the japan model is correct if richard koo is correct, long term economic stagnation comin up.
not a meltdown. crummy low paid jobs will no longer just be available to illegals they will be made available to everyone.
I am hoping for a faster collapse in prices, yields and interest rates. We need a major deflation to set our economy for a real expansion instead of inflation driven false wealth.
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