Bazooka

Edmundo shot a bazooka at Rima’s car.

Suppose the EFSF buys some bonds. That will push down yields for awhile.^([sic]) But what happens when the money starts to run out? Yields will go back up. A firebreak/firewall/bazooka needs unlimited funds to work.

“I don’t think [policymakers]^([sic]) realise it’s not enough,” said a veteran fixed-income investor in Hong Kong. “You need some big bazooka action to improve sentiment as a whole.”