FED FOCUS-Rise in US Treasury yields may trigger more Fed buying

Forbes.com — By Alister Bull

WASHINGTON, May 28 (Reuters) – Rising U.S. government bond yields could force the Federal Reserve to expand a massive program to buy Treasury and mortgage-related debt, and if it does, it may need to be much more aggressive to be effective.

The Fed’s second-in-command Donald Kohn gave a clear signal [...]

Iceland expected to turn left in weekend election

Nobody wants to mention tax rises just ahead of the elections,” said Thorolfur Matthiasson, an economics professor at the University of Iceland. “But if the budget deficit is 10 percent of GDP and the official debt is approximately what the nation can produce in one year, then the politicians will have to raise tax and [...]

Insanity at its Best

so what do you do when the world has gone insane? did you know the israelies conducted a military excercise today involving massive attack jetfighters and ground forces, some say is a test run for bombing iran. did you also know that the russians warned the world today that any attack on iran would be [...]