Dollars, Helicopters, and the Stimulus
In his February 13, 2009, fixed income commentary, Thomas Stevens of Denver Investment Advisors reviews the government's recent actions to stimulate the economy and bail out financial institutions. Stevens writes: "The pump has been primed, the gauntlet has been thrown down, printing presses will roll and dollars will drop from helicopters."
Stevens expects the government's borrowing costs to rise through higher interest rates on forthcoming bonds. Please click here for his commentary.