Uncle Ben B Signals the End Game; US in Recession for a Year
Trader Mark (December 1st, 2008) Writes:
Some not so breaking news for our readers
We signaled a few weeks ago [Nov 12: CNBC Europe - USA May Lose its AAA Rating]
Minerd doubts that private savings in the U.S. and foreign purchases of Treasury debt will be sufficient to meet those government cash requirements. That leaves the Fed to take up the slack; that is, monetization of the debt. (in English this means when there is no buyer for US Treasuries we will create the buyer in house: the Federal Reserve. So the left hand will be buying from the right hand i.e. desperation... banana republic style)
And lo an behold, the great helicopter drop of all time is being hinted at - the actual buying of US Treasuries by the Federal Reserve (since at some point no one ...


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