This paper defines the essential quantitative and qualitative characteristics of a U.S. force structure required to meet the two-MRC standard for the near term and midterm.
Through its program of quantitative easing, the Fed bought billions upon billions of Treasury paper to suppress American mortgage rates and ease the pain of the housing bust.
We have to fear that another round of quantitative easing will do no more than devalue the dollar as a paper currency and lead to more speculation in gold and other commodities.
In the past month, as the European Central Bank (ECB) has been buying European government bonds in a belated quantitative easing program, Greece has received clear support as the two- year spread on its paper over Germany has widened by just 61 basis points or 0.61%.