lbsterling

Bernanke Desperate, Fed Out of Ammo

You say the Fed buying long bonds "has only ever been done in third world countries before the US did it this week, and the UK did it last week."

Of course the U.S. did it in the 1940s and you yourself say one paragraph later :
"Japan tried this in 1991, and their economy has never recovered."

Why should we listen to anything else you say when you are ignorant of history and self-contradictory?