Goldman's Dominic Wilson takes a contrary view of The Twist, saying it amounts to a full-blown...

|By:, SA News Editor

Goldman's Dominic Wilson takes a contrary view of The Twist, saying it amounts to a full-blown QE3. The selling of short term paper is meaningless, he writes, as interest rates are so near zero. This makes yesterday's and this morning's action even more concerning as it could show markets no longer believe monetary policy - even QE - is of any value.