Signs of Problems in the Government

14
12

2010
20:52

Many of you prep as you see the federal government is faltering. The father of the Tea Party movement, Santelli, noted today that the Fed’s latest communication ignores the fact its efforts to keep interest rates lows backfired and instead drove interest rates up:
clipped from www.cnbc.com

Yet, since the last meeting 10-year rates are up close to 100 basis points! I am not sure what amazes me more — the fact that the Fed didn’t even MENTION the rate rise in today’s statement, or that many believe the various purchase plans have been “successful.”

How can a program that was designed to drive rates lower be deemed a success if rates are now sharply higher? Why is there so little clarity from an entity that is now among the largest holders of Treasury securities?

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