Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: John who wrote (33362)	12/13/2010 3:26:04 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 71455

...so far, the impact of the Fed's latest bond buying spree isn't promising. After bottoming in October, mortgage rates have moved steadily higher, rising by half a percentage point since October. On Monday, rates on 10-year U.S. Treasuries continued to advance a six-month climb, striking 4.61 percent for a 30-year mortgage, up from 4.46 percent the week before. Critics say the rise shows that the Fed's plan to spur the economy by lowering rates with massive bond buybacks is backfiring: interest rates are going up and the jobless rate isn't going down. "They've gotten the opposite results," said Stephen Roach, non-executive chairman of Morgan Stanley, Asia. 'If anything that takes a little bit out of economic growth instead of adding to it. The markets are rendering a very negative verdict on the Fed's grand experiment." today.msnbc.msn.com