Chris Lau - Seeking Alpha

Thursday, March 19, 2009

$1 Trillion

The Federal Reserve is buying $300 Billion worth of long term treasuries over the next few months, and $750 Billion worth of Mortgage backed securities.

They are in effect printing even more money. The last time this was done was 40 years ago. The

Summary of Fed Statement:
http://www.calculatedriskblog.com/2009/03/fomc-buy-300-billion-in-long-term.html

Here are some a very good comments on this latest step:
http://globaleconomicanalysis.blogspot.com/2009/03/bernankes-grand-experiment-continues.html

http://zerohedge.blogspot.com/2009/03/fed-to-buy-treasuries-it-prints-to-fund.html
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