long end of the curve?, page-40

  1. 3,072 Posts.
    paying 100c for 100c by FED, as opposed to say 85c for 100c on the open market, IS a PLUS 15% net increase for the private sector.

    the FED is just mopping up the dregs that used to be unloaded on the unsuspecting public prior to GFC .
 
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