5/27/09
The Fed has been buying US Treasury because they want the mortgage rate keep floating below 5%. However, the above chart is clearly showing that Treasury is trading against what Fed wishes. Fed has failed?! It would be little early to say so right now. But some economists have predict this will not work. I would say so it does not work because the chart is showing what is going on. Doom to US. Forget to say, GM is going to bankrupt. Also, California is asking US government bail out with its debt of over $41 Billions. Well, if our WTF administration going to bail out California, you all will expect more states, cities.....will ask for the same package. WTF, keep print print print.....US$$. There is no end our national debt for sure.
