Jun 25, 2012 | Posted by: roboblogger
The Federal Reserve recently announced it would extend Operation Twist, a program where the central bank sells short-term securities and buys long-term securities.
Since: Dec 11
One of my predictions for 2012 was that "The Fedís tools ó whichever are used ó will work less effectively, not better, now that they are old and worn." ( http://thegreatrecession.info/blog/2012-econo... ) According to today's news even Operation Twist has lost its effectiveness as Wall Street bankers are refusing to dance the twist with Ben Bernanke.
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