Forget the circularity of CDS shorting... this one should make your head explode... This has long been perceived as the FED's very last recourse. Maybe one should really start buying stocks ahead of the uber-hyperinflation that will imminently ensue. We recommend wheelbarrel stocks.This is textbook back against the wall. But at least the stock market takes another crutch up.
The Euro response is quite indicative. Will post more once the Jim Morrisonesque haze passes.
Print, print, print... God help us.
Euro, Gold and 10 Year TSY charts below... Enjoy...MORE including charts and the Doors.
Wednesday, March 18, 2009
Zero Hedge: Fed To Buy Treasuries It Prints To Fund US Deficit