Fedは一年債を買わない見込み

Bloomberg: Paulson Finds Fed Won't Help Assuage Credit With 1-Year T-Bills

  • 今週財務省が発行する一年国債Fedは購入しない見込み
  • 一方でFedは手持ちの国債売却を進めている

予想されるのは

なんのことはない。一年前の振り出しに戻るだけだ。

Bill Grossの言葉

As Keynes theorized and then Krugman affirmed, when private demand falters, it becomes the responsibility of government to fill the breach. Because it likely will not do so effectively until after a new Administration is elected in late 2008, the U.S. economy and its somewhat coupled global companion will sleep walk for some time and a resumption of prosperity as we knew it will be dependent on reforms of monetary and fiscal policy resembling the 1930s more than our past decade.

  • 通貨政策(Fed)と財務政策(財務省)の見直しがばらばら
  • これは1930年代を思い起こさせる状態