3.25.2011

Charles Plosser on Federal Reserve exit strategy

I haven't had a chance to read this yet, but Philly Fedhead Charles Plosser has the markets freaking out (dollar up, Treasuries down) right now with talk of an exit strategy.

You know my thoughts. There is No Exit. How does the Fed dump more than a trillion dollars of bonds into a rising interest rate, high unemployment, 10% GDP deficit environment? How does Obama finance his deficits?

03 25 11 Shadow Open Market Committee

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Socialism is like a pot luck

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