Wednesday, March 16, 2011

The Fed has a pet Unicorn...

...How else to credibly explain some of the musings emanating from Constitution Avenue?

"Fed + QE2– end of the program won’t be a big deal for Treasuries according to
former Fed official Mishkin - Mishkin said Wednesday the end of the U.S.
Treasury's US$600 billion government bond purchase program in June is unlikely
to have a significant impact on long-term bond yields. DJ

Translation: "I don't think anyone will notice us gone."

ADDENDUM: Yes, I am aware he is a former official, but one who enjoys speical status amongst the euneuch class and is useful for diffusion of official party line.

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