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RE: TIB: Today I Bought (and Sold) - An Investors Journal #267 - European Banks, US Retail, Semiconductors, Shipping, Offshore Oil Drilling
Exactly. Easy to answer the question by saying that Congress is providing the tools - keep the deficit growing and the long end of the curve will need higher yields to cover the perception of risk from the growing deficit.
I heard the Twist word again. Too bad the balance sheet is shrinking.