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Message: Inflation vs Deflation

Inflation vs Deflation

posted on Dec 01, 2008 09:52PM

http://www.bloomberg.com/apps/news?p...


"Dec. 1 (Bloomberg) -- Treasuries rose, pushing yields to record lows, as Federal Reserve Chairman Ben S. Bernanke said the central bank may purchase Treasuries and target long-term interest rates to combat the deepening recession."

Let's see... the Fed buying US Treasuries directly... isn't that called 'monetizing the debt'? It's happening a little sooner than you thought, I think, E.


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