The Federal Reserve's 'Operation Twist' is the wrong medicine at the wrong time. It has succeeded in stoking sentiment that our economic ship is in much more dire straits than has been previously revealed. Recent history shows that our economic situation is in a bad way. The 'twist', which I view as an act of desperation, evidences that our economic state is in an evermore dilapidated state.
This is like the Fed throwing sticks and pebbles at a hillside in hopes of starting an avalanche. The energy needed to rejuvenate our economic metabolism is wholly underwhelming in this latest effort.
