As ghastly high as the Fed's plans are to purchase mortgage-backed securities as part of QE, the actual purchases are twice as high. Don't believe me? Check the New York Fed's own data:
http://www.newyorkfed.org/markets/ambs/ambs_schedule.html
The problem with unlimited QE and Operation Twist is eventually, there isn't enough debt for the Fed to purchase--they will have run out of things to buy. Then what? Well, print more, of course...
Thursday, November 15, 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment