Treasury Bond Avalanche
May 29th, 2009 | By Bill Bonner | Category: Featured, Macro Economics
Illusions pile up... They're sure to come down sooner or later.
Like snow at high altitudes, the central banks' new money is piling up. As reported last week, all the world's major central banks have turned on their snow machines. The U.S. Federal Reserve has been authorized to "print" $1.75 trillion ...read more
