The Fed Purchased Stunning 61% Of U.S. Government Debt In 2011

Doomed! – Demand for U.S. Debt Is Not Limitless (Wall Street Journal, Mar 27, 2012): In 2011, the Fed purchased a stunning 61% of Treasury issuance. That can’t last. The conventional wisdom that nearly infinite demand exists for U.S. Treasury debt is flawed and especially dangerous at a time of record U.S. sovereign debt issuance. [...] continue reading world news