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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (93974)8/28/2012 7:56:23 AM
From: elmatador  Respond to of 219536
 
No need for QE3. June 20th, 2012 the Federal Open Market Committee announced an extension to the Twist programme by adding additionally $267 bn thereby extending it throughout 2012.

and Elmat posted here

Message 28220061 twist

Operation Twist (2011) The Federal Open Market Committee concluded its September 21, 2011 Meeting at about 2:15PM EDT by announcing the implementation of Operation Twist. This is a plan to purchase $400 billion of bonds with maturities of 6 to 30 years and to sell bonds with maturities less than 3 years, thereby extending the average maturity of the Fed's own portfolio. [4] This is an attempt to do what Quantitative Easing (QE) tries to do, without printing more money and without expanding the Fed's balance sheet, therefore hopefully avoiding the inflationary pressure associated with QE. [5] This announcement brought a bout of risk aversion in the equity markets and strengthened the US Dollar, whereas QE I had weakened the USD and supported the equity markets. Further, on 20 June 2012 the Federal Open Market Committee announced an extension to the Twist programme by adding additionally $267 bn thereby extending it throughout 2012.

en.wikipedia.org