http://online.wsj.co...511-711985.html
so, that tells us that the FED really means it when it says it will keep longer rates tamped down and it will fire bigger ammo if needed. by the way, the FED has an unlimited supply of ammo. it could buy every single treasury and MBS offered for sale if it wanted to.
comments?
worried about the dollar trading lower in currency pits? we WANT the dollar lower: it lowers the cost of our goods to other countries and improves the trade deficit and what we owe other countries.
questions?
Edited by humble1, 11 May 2009 - 11:10 AM.