Has Back Door Debt Monetization Already Begun?

Shenandoah ^ | 02/26/09 | John Galt

[peeps36]

The answer to the title is "yes" but it is not back door and should have been obvious to any observer of the markets as early as last October. What if the United States Treasury under Hank Paulson set up a policy for the banks that received government financial assistance to ask them to use their offshore affiliates to purchase US Treasury instruments to keep 10 year yields and thus mortgage rates artificially low?

[LuxAerterna]

It looks like a real house of cards. My guess is that this country is in for some serious tough times ahead. I wouldn’t be suprised to see unemployment get into the lower teens by next year.

[texmexis best]

Anyone know what Paulsen is doing these days?

[poindexter]

Anyone know what Paulsen is doing these days?

[peeps36]

I have a bad feeling about the economy with Obama and the democrats in control. There's no way we can recover if the democrats insist on expanding government by over a trillion dollars. Americans will have less money when the government uses the environment to tax us and force energy companies to raise rates significantly because the government forced them into so called green energy. The DOW will fall to 2000 if Obama and the democrats are successful in implementing their agenda.

[rb22982]

U6 Unemployment Rate—or how we used to measure our headline # (people who want jobs but gave up trying, and people who can only get part time but want full) is almost at 14%.