Hi KastelCo, This is government intervention, naked, big time, shameless, and outrageous. If the FED owns MSFT debt, is long AOL debt, and is choked on GM debt, but do not hold ORCL debt, cannot buy News Corp debt, and forgot to favor Ford debt, then what will happen to its regulatory functions, what about the labor union rights, and what will make which company contribute to the Republican party elections in Detroit?
The US, if actually goes through with this bond buying initiative, will become what USSR was. Buy Euro, and go long on Gold in response.
Chugs, Jay |
