Fed's Operation Twist a "Visual" Success, 30-Year Treasury Bond Yield Drops 17 Basis Points

Fed's only concern is how to service the sovereign debt. I pointed out a year ago that once they lower the short term rate and convert long term bonds into short term, they will lower the long term rate and convert the short term notes into 30 year bonds to lock in the low rates. It has done that very predictably. Fed has shown no concern for the economy. If it had any, it would seriously look into lending practices, force banks to lend, levy a charge for overnight deposits, evaluate the structural problems like overleveraged commercial and retail debt, work to improve the disposable income on the hands of people and prepare the groundwork for increased demand of goods. Fed did none of it. It has a diehard foolish faith on the Yield Curve and how twisting an yield curve would do miracles. Yield Curve is a consequence of market conditions. Putting that cart before the horse and expecting the vehicle to move? And then wondering why the cart isn't going forward? In my world those people would get jail term, not six digit salaries. Economy is a subject that cannot be reduced to a simple sentence "let me twist the yield curve and everything will be fine!".