So first, a little bit of definitions.

So these treasury securities, whether they're T Bills, treasury bills, treasury notes, or treasury bonds.

But hopefully at this point you have a sense of what the yield curve is.

Maybe debt that you have to pay in the next year.

longer, so things that are maybe going to maybe 10 year treasury bonds, or further out than even that.

What is even a treasury?

Actually, I believe the one year itself is a note.

And maybe the fed is able to, through intervention, first they're able to print money, normally they buy shorter term debt, maybe they start buying longer term treasury debt, and maybe that helps get the yield curve, for longer term treasuries down a little bit.

A long time.

So GDP goes up a lot fantastic! That's the short run.

On leave?

A long rest. Are you?

So I will give the government 1,000, the government would give me a treasury bill.

He's on leave.

Because if you lend to the federal government and they're running short of cash, all they have to do is increase taxes on us the people and they can pay back your debt.

And this is just definitional.

And this non traditional type of intervention, where the Fed is no longer concerned about a target rate, because the target rate is already at zero, where the Fed is not purchasing short term debt, but is trying to buy longer term debt, things further down the yield curve, and maybe things that aren't Treasury securities to begin with, maybe they're starting to buy corporate debt, maybe they're starting to buy mortgage backed securities, this is called quantitative easing quantitative easing.

And then when you go beyond 10 years, these are called treasury bonds.

But it might be to explicitly control the yield curve further out, so that the borrowing cost for longer debt goes down, so that the yield curve looks something like that.

If they have to pay for it, they use it.

We do not need to destroy.

So those three actors.

Was he here long?

It won't be for long. It's a shortterm placement.

And then a homologous one for my mom that's also a little bit longer.

We don't know.

It's more like a sabbatical.

I don't want to romanticize aging.

And here's the really alarming part

I put photography as my life.

We're not quite a YouTube.

Robert Fischer, heir to the FischerMorrow energy conglomerate.

That's just a definitional thing.

Similarly, if it's three months, it's a three month treasury bill.

The third quarter GNP growth was 1 over the preceding quarter.

Short accounts make long friends.

Deposits on long term leases.

Maximum age of items

And then, what's next?

Awfully glad to see you, I said. So you've popped over, eh?

We always make reduction for our permanent temporary guests.

The condition might go on for a long time.

No alcohol, then prolonged psychiatric treatment.

They need a long rest.

But this I just want to show you some data here.