It’s The Economy Stupid

Larry January 26, 2009 Doodles 1 Comment

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Ball point pen on the morning newsprint

With the Short term interest rates effectively at zero percent, the Fed only has few tools left in the shed. They may consider buying long term Treasury securities in order to push up the price, lowering the yields and hopefully reducing the cost of long term borrowing.

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One Response to “It’s The Economy Stupid”

  1. a brush with color said:

    Jan 26, 09 at 2:26 pm

    I hope they are successful, whatever they try! I really like this profile portrait, Larry–very nice!