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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: flatsville who wrote (82178)1/4/2000 10:28:00 AM
From: pater tenebrarum  Read Replies (3) of 86076
 
flats, that's because there weren't any. the Fed expanded it's balance sheet by 17,7% last year, and most of the expansion happened during November and December when they added reserves on a daily basis. today it seems a 24 bn. dollar roll-off is actually taking effect. but let's wait and see if it's really true...it is kind of hard to believe.
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