......"The Fed started Operation Twist in September. Unlike with quantitative easing, the program doesn’t increase its balance sheet. Instead, the Fed sells short-term debt and uses the proceeds to buy longer-term bonds. By keeping its assets stable, the Fed can more easily “exit” from record accommodation when the time comes. "
So my question is who the heck buys the short term debt? The Fed?
"Accomodation"? What are they accomodating? Should'nt be more like accumulating
more smoke and sunshine at link.....http://www.bloomberg.com/news/2012-0...nd-buying.html