Fed's economic rescue attempts are actually working 
Commentary: 'first solid increase in consumer credit in 4 years'
By Lou Barnes, Friday, February 10, 2012.
Ambulance image via Shutterstock.The game of "Grecian chicken" flaps and clucks on, with Greece near default and likely to leave the euro, which would ruin its economy; and Europe withholding new money until Greece agrees to austerity that will ruin its economy.
The 10-year Treasury note's yield needs no scary help from Europe to stay low. The Fed's "Operation Twist," swapping short Treasurys for long ones, has since Nov. 1 kept the 10-year between 1.82 percent and 2.05 percent, and mortgages close to 4 percent. Zzzzzzzz.
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