I don't know. What I do know is that the financial markets are likely to follow the credit spread of sorts that is the ratio between shorter end treasuries and longer. Here's the chart, updated.
Monday, August 9, 2010
What will the Fed do to pump up an asset mania?
I don't know, talk a good game? Say things about the opaque tools in their tool box? Come right out and deliver a message of QE2 imminently? Issue something like "the economy is recovering, albeit more slowly than we'd like to see so here is a vial of nitro"?
I don't know. What I do know is that the financial markets are likely to follow the credit spread of sorts that is the ratio between shorter end treasuries and longer. Here's the chart, updated.
I don't know. What I do know is that the financial markets are likely to follow the credit spread of sorts that is the ratio between shorter end treasuries and longer. Here's the chart, updated.
