Fred Foldvary Wrote: "The Fed buys bond and in effect pays with a check."
Okay. To buy back bonds, it must have sold them at some time in the past. This process of selling & then buying back bonds doesn't net to zero? Is the multiplier larger for buying bonds than selling? --- I don't know anything about blue lines, with the exception of "Blue Lines," the brilliant album by trip-hop artists Massive Attack. Sorry. __________________________________ Do you Yahoo!? Yahoo! Hotjobs: Enter the "Signing Bonus" Sweepstakes http://hotjobs.sweepstakes.yahoo.com/signingbonus
