Posted on 06/22/2009 8:58:13 AM PDT by AngieGal
The buyback is the latest in the central bank's attempts to keep a lid on borrowing costs, though mortgage rates have jumped significantly in the last few weeks in spite of the Fed's efforts. After the buyback, Treasurys stayed higher, pushing yields on benchmark 10-year notes down 6 basis points to 3.72%.
(Excerpt) Read more at foxbusiness.com ...
Some people find a false sense of security in the dollar?
Since Obama has a complicit House/Senate, the answer to why would have to be common among Obama and the Democrats that control the House/Senate. Any guesses?
inflation hurt the poor the most, when every dollar you make gets depreciated in value and the stuff you buy keeps increasing
deflation is better for the poor when everything you buy are cheaper. You have greater purchasing power
Look at Bloomberg's energy commodities.....pretty big sell off today (-4 to -5% off since Friday) for NYMEX RBOB gasoline.
I do realize that it is nearing the end of the month and prices usually drop for the 30 day contracts or the speculators will have to take delivery.
I do not see anything positive in the near future that says anything about the US economy growing again....the fundamentals just aren't there for it to happen, especially with TARP, Porkulus, Porkulus II, Goobermint Motors, NK, Iran, -$1.8 trillion in new spending, etc., etc.
Let alone the Alt-A recast meltdown.
Add to both of these the pending commercial real estate crash and the upcoming widespread defaults on consumer debt and credit cards.
That’s a lovely chart. Scary, too.
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