MN Gordon: Warming Up the Printing Presses

Guest post from MN Gordon at Economic Prism: The Federal Reserve is up to its old money printing games once again… Earlier this month it quietly purchased a cool $43.6 billion in U.S. Treasuries. This included $8.8 billion in 30-year Treasury bonds on May 8. Several days before that, it bought $20.4 billion in 3-year Treasury notes…