Relevant:
- The Golden Truth: Operation Twist? What The Hell Is That?
- By The Time Operation Twist 1 Is Over, The Fed Will Have Quietly Completed 40% Of Operation Twist 2 As Well
- If Fed Twists, It Won't Be "Like It Did Last Summer"
- Gross: Fed should undo 'Operation Twist'
- Fed to Buy $44B, Sell $44B of Debt in Oct.
2012-07-06 — ml-implode.com
In case you don't recall, Operation Twist, as it's called, means this time around Bernanke's Fed will sell $267 billion worth of shorter-term securities and buy the same amount of longer-term debt. The idea is to reduce borrowing costs, which somehow in Bernanke's panic-stricken mind is going to juice the economy... this time?
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