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Post by The Great Aztec Joe on Oct 5, 2010 6:47:03 GMT -8
Treasuries Rise for Second Day as Bernanke Says Purchases Support Economy finance.yahoo.com/news/Treasuries-Rise-for-Second-bloomberg-2692512099.html?x=0&sec=topStories&pos=6&asset=&ccode=Treasuries rose after comments from Federal Reserve Chairman Ben S. Bernanke yesterday increased speculation the central bank is preparing to boost purchases of U.S. government debt. Two-year note yields were near the record low reached yesterday as Bernanke said the first so-called quantitative easing round improved the economy and more purchases would “ease financial conditions.” Japanese 10-year bond yields fell to the lowest level since August 2003 after the Bank of Japan pledged to keep its benchmark rate at “virtually zero” until deflation ends and set up a fund to buy government bonds. ^^^^^^^^^^^^^^^^^^^^^^^^ The Simple fact of the matter is that the FED has to buy because the rest of the world is afraid to buy more American Debt. This is the reason why we created the FED. It is our refuge in a storm, and we are in one Hell of a Storm.
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Post by aztecwin on Oct 5, 2010 15:52:20 GMT -8
Bernacke also said that Congress and Obummer must get ahold of spending or we were on a disaster course. Did you miss that part?
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