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<p>[QUOTE=&quot;Cloudsweeper99, post: 1410961, member: 3011&quot;]Another &quot;nobody is smarter than fatima&quot; moment...</p><p><br /></p><p>Think of it this way.&nbsp; The Fed effectively put a floor under Treasury securities [or a ceiling on interest rates, whichever you prefer] with their QE efforts.&nbsp; The market can take whatever portion they wish at the rate supported by the Fed.&nbsp; If the Fed wasn&#039;t in the market, interest rates would rise to the point needed to absorb all of the securities offered, but the Fed intervention is preventing this through their purchasing of securities.&nbsp; Now, if you believe this is some sort of magic or act of &quot;will&quot; by the government to keep interest rates low, then you don&#039;t know nearly as much as you pretend.&nbsp; And if you think the Fed is doing this without coordinating with the Treasury Dept., then you are naive.&nbsp; No matter what goes on in fatima&#039;s imaginary world, this is how monetary policy is opertating in the 21st century.&nbsp; I don&#039;t know if this is budget related or not budget related, and neither do you since you have offered no evidence beyond your opinion.[/QUOTE]</p><p><br /></p>

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