re: Fed minutes out...

quote:

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My question is why can't this nutty arse plan of the fed basically swallowing up all the debt & writing it off on their books actually work?

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It's essentially raw printing. Thus far they have not printed enough to counterbalance all of the money that has been destroyed in the delevering/deflation process. And even if they do, it's a very fine line that they're trying to walk. Don't print enough - deflation. Print a little too much - severe inflation.