{"id":3024,"date":"2026-08-21T09:26:23","date_gmt":"2026-08-21T13:26:23","guid":{"rendered":"https:\/\/www.credittrends.com\/blog\/?p=3024"},"modified":"2026-08-21T09:26:23","modified_gmt":"2026-08-21T13:26:23","slug":"operation-twist-did-not-work-nor-will-it-now","status":"publish","type":"post","link":"https:\/\/www.credittrends.com\/blog\/2026\/08\/21\/operation-twist-did-not-work-nor-will-it-now\/","title":{"rendered":"&#8220;Operation Twist&#8221; Did Not Work&#8212;nor will it now"},"content":{"rendered":"<p dir=\"ltr\"><em>We heard two economists today, and saw a brief rally in the Treasury market, state that current Fed actions resemble the 1960s&#8217; &#8220;Operation Twist&#8221; \u2014 designed then, as it is framed now, to bring down long-term interest rates.<\/em><\/p>\n<p dir=\"ltr\"><em>What their youth did not know is that Operation Twist did not work \u2014 nor will it now, as gimmicks of this kind can only provide temporary relief. Operation Twist was followed by Nixon&#8217;s Wage and Price Controls, which also failed, and then by Ford&#8217;s &#8220;WIN&#8221; policy \u2014 an acronym for Whip Inflation Now.<\/em><\/p>\n<p dir=\"ltr\"><em>We expect rates to work their way higher over the coming cycles, as will be explained in the coming Review, owing to the lack of population, immigration, and fertility growth, combined with an uncontrollable Federal deficit over which the Fed has very little control across several major contributing area<\/em><\/p>\n<p class=\"facebook\"><a href=\"http:\/\/www.facebook.com\/share.php?u=https:\/\/www.credittrends.com\/blog\/2026\/08\/21\/operation-twist-did-not-work-nor-will-it-now\/\" target=\"_blank\" title=\"Share on Facebook\">Share on Facebook<\/a><\/p><div class=\"tweetthis\" style=\"text-align:left;\"><p> <a class=\"tt\" href=\"http:\/\/twitter.com\/home\/?status=%E2%80%9COperation+Twist%E2%80%9D+Did+Not+Work%E2%80%94nor+will+it+now+https%3A%2F%2Fwww.credittrends.com%2Fblog%2F%3Fp%3D3024\" title=\"Post to Twitter\"><img decoding=\"async\" class=\"nothumb lazyload\" data-src=\"http:\/\/www.credittrends.com\/blog\/wp-content\/plugins\/tweet-this\/icons\/en\/twitter\/tt-twitter.png\" alt=\"Post to Twitter\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" \/><noscript><img decoding=\"async\" class=\"nothumb\" src=\"http:\/\/www.credittrends.com\/blog\/wp-content\/plugins\/tweet-this\/icons\/en\/twitter\/tt-twitter.png\" alt=\"Post to Twitter\" \/><\/noscript><\/a> <a class=\"tt\" href=\"http:\/\/twitter.com\/home\/?status=%E2%80%9COperation+Twist%E2%80%9D+Did+Not+Work%E2%80%94nor+will+it+now+https%3A%2F%2Fwww.credittrends.com%2Fblog%2F%3Fp%3D3024\" title=\"Post to Twitter\">Tweet This Post<\/a><\/p><\/div><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>We heard two economists today, and saw a brief rally in the Treasury market, state that current Fed actions resemble the 1960s&#8217; &#8220;Operation Twist&#8221; \u2014 designed then, as it is framed now, to bring down long-term interest rates. What their youth did not know is that Operation Twist did not work \u2014 nor will it [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n<p class=\"facebook\"><a href=\"http:\/\/www.facebook.com\/share.php?u=https:\/\/www.credittrends.com\/blog\/2026\/08\/21\/operation-twist-did-not-work-nor-will-it-now\/\" target=\"_blank\" title=\"Share on Facebook\">Share on Facebook<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3024","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts\/3024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/comments?post=3024"}],"version-history":[{"count":1,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts\/3024\/revisions"}],"predecessor-version":[{"id":3025,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/posts\/3024\/revisions\/3025"}],"wp:attachment":[{"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/media?parent=3024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/categories?post=3024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.credittrends.com\/blog\/wp-json\/wp\/v2\/tags?post=3024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}