Just when you think they can't print any faster... There comes Ben - the l'l little engine that could CHUCHUCHUQUQUQEQEQEQEQEQEQEQE http://www.marketwatch.com/story/fed-considering-upping-qe3-size-and-language-2012-10-22
it was known since June as they don't have any short bonds to sell the only choice is outright purchases nobody will buy government bonds if Fed is not in the market rates would be higher than for Greece if not the Fed
No rate hikes for 2-3 years! I gambled on variable rate loans on some RE and it's been great [so far]. More QE pleeeezzzzee! Somebody has to buy those bonds.
Yeah, it's unreal. The gold backed US $ was settled on as the reserve currency at Bretton Woods. Then we went off the gold standard. The perceived stability of the US $ is the new gold standard. However, nobody is buying the Treasuries of late except the Fed. Is it because we have a marxist as POTUS maybe? Is it because we deregulated and now have a third worldish financial system? Stay tuned folks, more to follow...
SO no one wants to buy US bonds except for the Fed? And yet when a QE is launched, rates drift higher and when QE ends, rates drift lower. Ignore Twist as it was just changing the maturity of the portfolio.
I'm doing pretty damn well. There's been some ups and downs. But all of it has been under the watchful eye of the Federal Reserve. I doubt things would be this stable in my life without them.