Barnet Wagman wrote:
>
> Operation Twist? What does that refer to?
During the Kennedy Administration, the Treasury and the Fed tried to
"twist" the yield curve, or "invert" it as we say today, by purchasing long
bonds and selling short ones. The idea was to stimulate domestic aggregate
demand
Operation Twist? What does that refer to?
Edwin Dickens wrote:
The Treasury has purchased $2 billion in long term
government bonds in the
last month. It appears prepared to buy long bonds at an accelerating
rate
through November. And the Fed seems prepared to go along by trying
to
protect the
