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Is the Federal Reserve Really Purchasing Over 60% of 2011?s Fiscal Deficit? In a Word, uh . . . Yeah.

By Implode-Explode Heavy Industries

So conservatively speaking, the Federal Reserve will directly finance no less than 60.51% of the U.S. Federal government?s deficit for fiscal year 2011. That figure might be as high as 67.09%, depending on the size of QE-lite... Therefore, since Treasury bond yields during FY 2011 will be whatever the Fed wants them to be, they are no longer a reliable indicator of anything.

Full post as published by Mortgage Lender Implode-o-Meter on January 04, 2011 (boomark / email).