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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (6774)2/2/2004 7:39:50 PM
From: KyrosL  Read Replies (2) | Respond to of 110194
 
he is out of weapons

Hardly.

First he can substitute "we can be patient" with "we will keep the rates down until inflation is around x%."

Second, he can open the discount window to companies other than banks -- perhaps at a slightly higher rate.

Third, he can monetize the government debt. Just print money rather than issue bonds, to cover increasing portions of the budget deficit. This is a last resort, but if CPI inflation remains low, why not.


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