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06-13-2009, 08:23 PM #1
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Bernanke’s Next Parlor Trick “borrow up to $3.25 trillio
Bernanke’s Next Parlor Trick
MIKE WHITNEY
Counterpunch
Saturday, June 12, 2009
Federal Reserve boss Ben Bernanke is getting ready to pull another rabbit out of his hat and he’s hoping no one figures out what he’s up to. Here’s the scoop; the Fed chief needs to “borrow up to $3.25 trillion in the fiscal year ending Sept. 30″ (Bloomberg) without triggering a run on the dollar.
But, how? If the stock market keeps surging, investors will turn their backs on low-yielding US Treasuries and move into riskier securities hoping for better returns. The only way to attract more buyers to US debt is by raising interest rates which will kill the “green shootsâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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04-27-2024, 07:55 PM in General Discussion