Month: September 2011

Operation Twist

The most striking thing about the Fed’s “Operation Twist” is that the banks and the markets don’t like it. As soon as Bernanke spoke yesterday and it became clear that Operation Twist was all there was the markets hit the ‘sell off’ afterburner. Overnight the Asian markets did the same. The Hong Kong market, the Hang …

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They haven’t a clue

Do you ever get the feeling our leaders don’t know what the hell they’re doing? The Finns want collateral. Mr Barroso at the Commission wants to sell Euro Bonds. The Germans don’t. The Greek people want to default. The French banks are desperate that they don’t. Tim Geithner wants Europe to follow America’s lead and …

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