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Lets twist again!

  • 22-09-2011 12:33am
    #1
    [Deleted User]
    Posts: 31,118 ✭✭✭✭


    http://www.bbc.co.uk/news/business-15012682
    Federal Reserves launches 'Twist' stimulus initiative

    Wall Street tumbled after the Federal Reserve launched its long-awaited Operation Twist scheme to help stimulate the flagging US economy.
    The Fed will spend about $400bn buying back bonds maturing within three years and swapping this for longer-term debt.
    Although it puts no new money into the economy, it helps keep long-term interest rates down and boosts mortgage lending and loans to businesses.
    OK so the US FED has launched the "twist", another futile attempt to fix the economy.
    https://www.youtube.com/watch?v=DZAtzcthSxM

    What should the ECB call their "cunning plan"


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