Lou Thomas

Time To Short Treasuries?

Come to think of it, if the Fed decides to monetize the debt by buying Treasuries itself (and specifically, through printing money) then couldn't that keep treasury yields artificially low (ruining your shorting strategy) while at the same time debasing the U.S. currency?

It may be that there are so many ways to stack the deck and fix the game domestically if you are the Fed that the only point at which reality will eventually come to bear (no pun intended) is in foreign exchange.