Let's twist again...like we did last September. The Federal Reserve
announced today that it will be extending operation twist -- it's effort
to twit the yield curve and keep long-term interest rates low by
selling short-dated securities and buying long-term treasuries. It's
just more free market arm-twisting, and the Fed says it's willing to do
more. Sounds like more threats!
And whales have been popular,
but what about "operation humpback whale..." What is this? Well, how
'about the Fed buy both the long, as well as the short end of the curve,
and sell a bunch of the bonds in the middle? We'll float that idea to
our guest Jim Rickards, later in the show. He believes that the same
force behind too-big-to-fail banks that is driving anti-competitive
behavior on Wall Street is also responsible for driving monopolistic
practices in government.And last but not least, there is Loose Change, and a story you won't want to miss: Mickey Mouse spotted on Mercury! That's right, but what does this intergalactic phenomenon have to do with market trends? Demetri and Lauren will give you their two cents at the end of our show!
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