12.31.2009

Good luck with that

Fed discusses limited bond sales to withdraw stimulus

Yeah, right.

China has wised up and ain't buying any more just as Timmy the Tax Cheat needs to issue trillions in new debt to pay for Obama's reckless spending spree. And you think Zimbabwe Ben is going to jack long rates by selling Treasuries (at a significant loss) into a no-bid market?

And while we're on the Dollar Destruction Crew, be sure to check out the Fed's Greatest Hits of 2009 at Jr. Deputy Accountant.

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