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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.12+0.8%Nov 26 4:00 PM EST
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To: carranza2 who wrote (38010)8/7/2008 5:23:34 PM
From: TobagoJack  Read Replies (3) of 218050
 
just in in-tray

a MUST read - how the Fed plans to engage in a major inflation of the money supply without having to change the FF rate target - the method: they will start paying interest on reserves, thereby removing the opportunity cost involved in keeping reserves at the central bank. this will allow for a major expansion of free bank reserves, a.k.a. inflation as far as the eye can see:

newyorkfed.org

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