It was already announced and begun, IIRC, to the tune of well over $200 billion. Maybe that was for the early summer with some likelihood that they’ll do it again soon, though. And yes, bonds—not “securities.” It’s a collapse now or collapse later kind of decision.
Keeping yields unnaturally low gives fund managers one of many excuses to continue cyclically stuffing our virtually worthless treasuries with more debt gifts for government income recipients.
And yeah, the party will eventually end. After the end?
Yep, everyone (not only bond investors but most government income recipients) will take one “haircut” after another. That’s my guess.
Our low risk currency, teetering over the abyss for what seems to be ages. Ain’t it great? Have fun. Enjoy the slide.
“Our low risk currency,...” [Much irony and sarcasm intended there, BTW.]
the stock market MUST be primed to get obama through the next election... PPT getting ready to report for duty, just in case rumors don’t do the trick