So Helicopter Ben and the Fed decide they're going to take $300 billion in borrowed money to buy up Treasury debt.
No really, that's the plan. Take $300 billion in already borrowed money to buy $300 billion in long term debt. Apparently now is the time for HISTORICALLY LOW RATES or something.
It must be a horrendously stupid plan because the markets went from 1-2% loss to 1-2% gain within 15 minutes of this being announced. Behold, the myriad superpowers of Helicopter Ben.
[UPDATE] Jim Cramer says REFI NOW! HISTORICALLY LOW RATES! (insert dancing Jim Cramer here.)
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