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There was a news item on the various feeds today to the effect that boomers are starting to sell off their equities and convert them to "safe" investments - one assumes short-term treasuries. Apparently the FDIC is projecting a negative impact on the equities market lasting decades. Could this be one of the reasons the Fed is so confident of being able to keep short term rates in the near-zero range for at least the next two years: they have a buyer? Or isn't there enough money in the boomers' portfolios to have an impact on t-bills?

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