I Suppose I Could Hot Wire this Thing…
March 18, 2009 at 13:32 PM EDT
I expect the Federal Reserve to announce a program to buy long-term U.S. Treasuries. If not at today’s meeting, then soon. Interestingly, most commentators I read don’t expect the Fed to move in this direction, but to me it seems too easy not to do it. The Fed’s big fear is deflation. We know the Fed [...]