"Do not attempt to adjust the picture. We are controlling transmission. If we wish to make it louder, we will bring up the volume. If we wish to make it softer, we will tune it to a whisper. We will control the horizontal. We will control the vertical. We can roll the image, make it flutter. We can change the focus to a soft blur or sharpen it to crystal clarity. For the next
We are monetizing the obligations of a hopeless inflation addicted nation by buying its long term debt, but selling its short term debt to give the appearance of a non inflationary, indeed Goldilocks environment in an election year. Do not resist; sit quietly and for goodness sake pay no attention to the rising yields you see below that would try to contradict our efforts.
That is all.
http://www.biiwii.blogspot.com
http://www.biiwii.com
LOL
ReplyDeleteLove it!
Thx for the post, Gary! +1!
ReplyDeleteSo, from what you've said, can I assume that if the 30-Year starts to outpace the 2-Year on a continued rise, the Fed would start to worry? My attached ratio chart of 2-Year:30-Year shows that the 2-Year is slightly outpacing at the moment after a bullish 50/200 sma Golden Cross, but is running into some resistance:
http://screencast.com/t/TY5DsVy9CQp
Thanks.