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The Bond Market Strikes Back at the Fed

"Don't fight Fed." We did, and we won.
Nothing is true forever, including this universe.
Fed has no more card, it is sad. It is sad for anyone who spend to much and has no reserve anymore. I don't count printing machine as reserve. Think, Fed Reserve Bank has no reserve but debt, and a printing machine.
In 1949, the Chinese inflation rate was few hundred percent DAILY, and soon the paper money was rejected by everyone.
The printing machine could not solve the problem. Only one thing could solve our problem is putting everyone back to work. There is no work? Don't believe it, why don't we grow our own tomatos, and making our own shoes?

Bond Market to Bernanke: Take Your Foot Off the Accelerator

The bond investors fight Fed and won for the first time. Hence don't tell any one "Don't fight Fed" anymore.

Poor Treasury Auction Results Rattle Investors

When you print so much money and there is no demand, the price will fall.

Bernanke Desperate, Fed Out of Ammo

He had no card now.
He did not lower mortgage rate at all this time.
He will produce inflation in the next five years, that could remove Obama from office in 2012.

How Will Obama's 'Trillion Dollar Deficits' Affect the Markets?

From history internationally, if a government printed too much money, hyperinflation always came and brougnt the government down. In China in 1949, the daily inflation was more then 100%, and Chiang's government was gone in a year. I hope our government knows this.